SBI Q4 NII seen up 59% at Rs 2963 cr

State Bank of India, India’s largest commercial bank in terms of profits, assets, deposits, branches and employees is to announce its fourth quarter FY11 results.

According to CNBC-TV18's estimates, the bank's January-March quarter net interest income (NII) is seen at Rs 9176 crore, growth of 37% as against Rs 6721 crore, same quarter previous year.

Its Q4 PAT is seen up 59% at Rs 2963 crore versus Rs 1866 crore, YoY.

Decline in treasury gains likely to result in flattish non-interest income growth
NIMs could see marginal QoQ compression.

Strong CASA of 48% and increase in lending rates to offset rise in cost of funds.

This should restrict margin compression

Asset quality to remain stable

Advances growth of 21%

Deposit growth: 16%

SBI not yet provided for increase in provisioning on dual rate housing loan to 2% vs 0.4%.

Source: www.moneycontrol.com

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