Step 2: Click on the link that reads – ‘request and enquiries’ section from top right corner. Step 1: Log in to SBI’s online account at by using correct credentials. Here’s a step-by-step guide to open an SBI PPF account online: Opening an SBI PPF account online is a convenient way to start saving for your future. This PPF account can be opened either by visiting the branch of the bank or online as well. The PPF scheme is regulated by the Ministry of Finance (MoF) and is also available through authorised banks like State Bank of India (SBI) and post offices across the country. It is a low-risk investment that is ideal for those who are looking for a safe investment option with stable returns. The PPF account has a tenure of 15 years and currently offers 7.1 per cent annual interest. It is designed to encourage individuals to save for their retirement while also providing a tax-saving benefit. We advise investors to check with certified experts before taking any investment decisions.A Public Provident Fund (PPF) account is a long-term savings scheme that is backed by the Government of India. Retain ‘BUY’."ĭisclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Jani added, "Shifting to Mar’25 core ABV we maintain multiple at 1.6x and raise SOTP based TP at to Rs770 from Rs730. However, he does not expect SBI to resort to hiking deposit rates as the bank carries excess SLR of ₹4 trillion with cushion on LDR (72.3%). Hence, the brokerage has maintained 'Buy' on SBI but lowered its target price to ₹730 apiece from earlier ₹805 apiece, valuing the stock at ~1.3x FY25E ABV and Rs197 per share of subsidiaries.įurthermore, Gaurav Jani - Research Analyst, Prabhudas Lilladher said, Loan growth guidance for FY24E has been tempered down to 12-14% and retail would drive accretion. With net NPAs at 67bps, miniscule RSA book (with ~30% PCR), and contained incremental net slippages, brokerage ICICI Securities expect SBI's credit costs to remain benign (~50bps) for FY24E/FY25E.Īlso, the brokerage's note said that SBI sounded confident of manageable incremental ECL provisioning.Īccordingly, ICICI Securities estimate SBI to deliver strong RoA and RoE at 0.9% and ~16.5% respectively for FY24E with a marginal downtick in NIMs getting broadly offset by better treasury gains. It has an edge in cost of deposits which, along with excess SLR and favourable loan mix, should help sustain healthy NIMs." Going ahead, the brokerage's note said, "SBI has a strong retail franchise (both secured and unsecured loans) and is the key beneficiary of likely revival in corporate capex. Read here: Delhivery Q4 results: Share price gains over 2% ahead of Q4 earnings Despite strong gross advances growth (up 16% YoY), SBI has accreted 33bps CET-1 capital YoY to 10.27% led by strong profitability, and intends to rely on internal accruals for envisaged credit growth." Bank has delivered 96bps RoA and 19.4% RoE for FY23. Both loan and deposit growth was strong (and better than expected) at ~4.6-5.0% QoQ while net slippages turned negative. However, the key negatives were higher opex growth.īut still, despite a sharp sequential rise in OPEX, in their note dated May 19, ICICI Securities analyst said, "SBI once again reported a strong quarter with Q4FY23 PAT at Rs166.9 billion and annualised RoA at 1.23%, driven by strong business growth, NIM uptick, strong ‘other income’ and contained credit costs. These are - solid NII growth driven by strong loan growth and Margin improvement, net slippages were negative. SBI saw yet another strong quarter with Q4 numbers.Īs per Rahul Malani, Deputy VP - Research, Sharekhan by BNP Paribas, SBI has reported a solid beat on the earnings front led by lower provisions however on operational front, numbers missed estimates mainly due to higher opex growth despite strong net income growth. Provision Coverage Ratio (PCR) was at 76.39% improving by 135 bps YoY, PCR (including AUCA) improved by 171 bps YoY and stands at 91.91%. Read here: Bata India Q4 results: Share price rallies over 4% in strong Q4 earningsĪs of March 31, 2023, gross NPA stood at 2.78% down by 119 bps YoY, while net NPA came in at 0.67% down by 35 bps YoY. The lender's domestic net interest margin (NIM) for Q4FY23 increased by 44 bps YoY to 3.84%. Meanwhile, net interest income (NII) jumped by 29.5% YoY to ₹40,392 crore. With that, SBI has extended its record-high PAT. During the last quarter of FY23, the PSB recorded an 83% YoY growth to ₹16,694.5 crore.
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