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State Bank of India Q4 FY22 Earnings Concall Insights
#SBIN #SBINQ4 #StateBankofIndia #StateBank #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
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#SBIN #SBINQ4 #StateBankofIndia #StateBank #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
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SBIN said it clocked highest ever profit of INR31,676 crores for FY22, up 55.2% YoY.
Q&A Insights: Mahrukh Adajania from @EdelweissFin asked about breakdown of loan book by benchmark rates. Dinesh Khara Chairman replied that T-bill was about 11%, MCLR about 41% and external benchmark was about 23%, mainly repo rates.
#EXCLUSIVE: Bankers may be working all 31 days of March with the government looking to double the loans doled out under the #PMSVANidhi scheme
businessinsider.in/finance/banks/…
By @pabsgill
businessinsider.in/finance/banks/…
By @pabsgill
@pabsgill Public sector banks are always anxious in March as the financial year draws to a close. It's not uncommon for the management to ask employees to pull a few extra hours at work. However, this year, some public sector bank employees may be working all 31 days of the month.
@pabsgill On the one hand, the Indian government has issued an order asking banks to double the disbursements given out under the #PMSVANidhi scheme. And, on the other, the banks have their own internal targets to meet when it comes to agricultural loans, #MSME credit and other aspects.
Have you ever felt that you have lived the present situation before? Its called #Déjà vu. Right now I'm experiencing this moment in the markets. #PSUBanks are going through tough times. But this isnt new. They were in a similar situation back in 2016. (1/n)
#PSUBanks were dealing with NPA's and losses in Mar 2016. Their troubles are amplified after the #COVIDー19 outbreak. But it seems worst is over. Here's a weekly chart of #NiftyPSUBank index. (2/n)
#PSUBanks are forming bullish divergence in #RelativeStrengthIndex(RSI) on weekly charts. #RSI is a momentum indicator. Bullish divergence in it indicates that ongoing downtrend is losing steam. It doesnt guarantee a reversal but increases the chances. (3/n)
