STATE BANK OF INDIA: Treasury drag behind; earnings set to soar (SBIN IN, Mkt Cap USD59.8b, CMP INR531, TP INR625, 18% Upside, Buy) SBIN reported a 14% YoY growth in core PPOP. However, higher treasury losses (INR65.5b) dented earnings, which declined 7% YoY to INR60.7b. NII stood a tad weaker. However, the outlook remains encouraging as the bank benefits from the re-pricing of its floating rate loan portfolio, amounting to 74% of total loans. We expect NII to grow at an average 16% over FY...
The general evaluation of STATE BANK OF INDIA (IN), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 7, 2022, the closing pr...
(SBIN IN, Mkt Cap USD48.8b, CMP INR407, TP INR600, 47% Upside, Buy) SBIN has demonstrated a strong improvement in asset quality, with GNPAs declining by 43% over the past three years, while PCR increased to 68% currently from 40% four years back. Fresh slippages moderated sharply to 1.2% in FY21 (2.5% in 1QFY22), lower v/s many of its private peers. AUCA book stood at INR1.72t - higher than the GNPL pool, with recoveries in the 6-11% range. Over the past five years, the bank has reco...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
STATE BANK OF INDIA: Gaining momentum in earnings; asset quality outlook strong (SBIN IN, Mkt Cap USD55b, CMP INR457, TP INR600, 31% Upside, Buy) SMA/Restructured portfolio under tight control State Bank of India (SBIN) reported a steady quarter, with an earnings beat of 12% on MOSLE. This was aided by controlled provisions despite a challenging environment. Core operating performance was in-line. Asset quality ratios deteriorated marginally on elevated slippage in Retail/SME. However, ...
Summary United Bank of India - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights United Bank of India (UBI) is a provider of a range of retail, commercial, and international banking solutions to individuals, SMEs, non-resident Indians (NRIs), and corporates. Its offer...
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Summary Marketline's United Bank of India Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by United Bank of India since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the org...
FINANCIAL INSTITUTIONS CREDIT OPINION 31 August 2020 Update RATINGS State Bank of India Domicile Mumbai, India Long Term CRR Baa3 Type LT Counterparty Risk Rating - Fgn Curr Long Term Debt (P)Baa3 Type Senior Unsecured MTN - Fgn Curr Long Term Deposit Baa3 Type LT Bank Deposits - Fgn Curr Outlook
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