SBI Q2 Results Live Updates: Net profit, NII growth likely to moderate; margin to compress
₹13,569 crore, while net interest income (NII) in Q2FY24 is likely to grow by 10.7% YoY on the back of 12% loan growth. Net interest margin (NIM) is estimated to contract by 10 basis points (bps) sequentially.
The bank may see improvement in asset quality sequentially supported by a low stressed asset pool, while credit costs are likely to remain stable. Stay tuned to our SBI Q2 Results Live blog for the latest updates.SBI is expected to report a subdued quarter with a marginal rise in net profit and net interest income (NII), while net interest margin (NIM) is likely to be under pressure.
The bank may see improvement in asset quality sequentially supported by a low stressed asset pool, while credit costs are likely to remain stable.State Bank of India (SBI), the country’s largest lender, is set to announce its September quarter results today, November 4. Download the App to get 14 days of unlimited access to Mint Premium absolutely free!
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