SBI Results 2024: State Bank of India (SBI), the state-run largest lender in the country, is set to announce its Q4 results today. SBI Q4 results are estimated to remain muted with a drop in net profit and a marginal rise in net interest income (NII). SBI’s net profit in the fourth quarter of FY24 is expected to fall 18% year-on-year (YoY) due to one-time wage revisions, while the PSU bank’s NII may increase 1.3% YoY amid moderate loan growth, according to average estimates of six brokerages. Sequential loan growth is likely to be slower than average in the 3.5% ballpark, while net interest margin may be slightly lower. Asset quality in terms of Gross NPA is expected to improve further. SBI share price will be in focus ahead of the Q4 earnings. Stay tuned to SBI Results 2024 live blog for the latest updates.
SBI Q4 Results 2024 Live: Net profit likely to drop 18% YoY
SBI Q4 Results 2024 Live: SBI’s net profit in the quarter ended March 2024 is expected to fall 18% to ₹13,692 crore from ₹16,694.5 crore in the year-ago quarter due to one-time wage revisions, according to average estimates of six brokerages. In the third quarter of FY24, SBI reported a drop of 35% in net profit to ₹9,164 crore.
SBI Q4 Results 2024 Live: SBI likely to post muted Q4 results
SBI Q4 Results 2024 Live: SBI is expected to report muted Q4 results with a sharp drop in net profit and a marginal rise in net interest income (NII). SBI’s net profit in the quarter ended March 2024 is expected to fall 18% year-on-year (YoY) due to one-time wage revisions, while the PSU bank’s NII may increase 1.3% YoY amid moderate loan growth, according to average estimates of six brokerages.Â
SBI Q4 Results 2024 Live: SBI to announce Q4 results today
SBI Q4 Results 2024 Live: State Bank of India (SBI), the state-run largest lender in the country, is set to announce its earnings for the fourth quarter of FY24 (January-March 2024) today. The board of directors of SBI will meet and release Q4 results today.
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