Shares of SBI ended higher after posting quarterly results. Commenting on the earnings, Amar Ambani, Head of Research, IIFL said, “SBI’s Q2 FY16 performance had quite a few positives in the form of acceleration in loan growth, stable NIMs and improvement in NPL levels. Slippages declined materially on sequential basis and stood at annualized 1.9% of advances. SBI remains our most preferred play within PSU Banks due to stronger loan profile, deposit franchise and capital position.”
| Subscribe To Our Free Newsletter |
