SBI to post the net profit of INR 3,375 Crore in June quarter

A net profit of INR 3,375 Crore is expected to be post by the largest lender of India, State bank of India within the three months to June 2020 and the profit of INR 2,313 Crore was post in the last year. Bank will show the Q1 FY21 results by this Friday.

Analyst Motilal Oswal said- “The bank’s NPL formation run-rate has moderated significantly from the highs witnessed during FY18. This, along with the expected uptick in core operating performance will further propel earnings growth, in our opinion,”

SBI can also post the net interest income of INR 24,356 Crore in the June quarter of FY21 and it is up 6.2% from the last year.