05 Nov, EOD - Indian

SENSEX 79476.63 (0.88)

Nifty 50 24213.3 (0.91)

Nifty Bank 52207.25 (1.94)

Nifty IT 40424.6 (0.01)

Nifty Midcap 100 56115.45 (0.59)

Nifty Next 50 69797.45 (0.55)

Nifty Pharma 22661.25 (0.10)

Nifty Smallcap 100 18503.45 (0.43)

05 Nov, EOD - Global

NIKKEI 225 38474.9 (1.11)

HANG SENG 21006.97 (2.14)

S&P 5832.75 (1.35)


You are Here : Home > Research

04-Aug-2024

State bank of India

Targets loan growth of 15%, expects credit cost at 0.5% for FY2025


'State bank of India conducted a conference call on 03 August 2024 to discuss its financial results for the quarter ended June 2024. Dinesh Kumar Khara, Chairman of the bank addressed the call:

Highlights:

The bank has continued to maintain RoA above 1% and RoE at 20.98% in Q1FY2025. The bank has reduced cost to Income ratio below 50% to 49.42% in Q1FY2025. The bank expects to continue to sustain profitability ahead.

The liquidity coverage ratio stands at 129% and domestic CD ratio is low at 69.3% end June 2025.

The bank is observing the growth gaining momentum in the second quarter. The monsoon rainfall is benign and its expected to help in taming the inflation.

The bank has continued to maintain the gross NPA ratio at its lowest level in decades. The fresh slippage ratio was moderate and 0.84% in Q1FY2025.

The provision coverage ratio is strong at 91.76% end June 2025.

The bank is w...



Pleaselogin & subscribe to view the full report.

More Reports
  • Company Logo

    (10-Feb-2023)

    Deepak Nitrite

    Plans capex of about Rs 1500 crore for FY23 and FY24

  • Company Logo

    (09-Feb-2023)

    Mayur Uniquoters

    Targets revenue of Rs 1000 crore in FY24

  • Company Logo

    (31-Jan-2023)

    Tega industries

    Capex plan is US$ 30-32 million for next three years

  • Company Logo

    (15-Dec-2021)

    ITC

    Company plans capex of Rs 10,000 crore over the next three years to create growth vectors

  • Results-Analysis   (04-Aug-2024)

    State Bank of India

    Steady performance

  • Analyst Meet / AGM-Conference Call   (04-Aug-2024)

    State bank of India

    Targets loan growth of 15%, expects credit cost at 0.5% for FY2025

  • Results-Analysis   (10-May-2024)

    State Bank of India

    Robust performance

  • Analyst Meet / AGM-Conference Call   (10-May-2024)

    State bank of India

    Targets loan growth of 13-15% for FY2025, aims to maintain RoE above 15% on sustainable basis