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SBI WAGE PROVISIONS
Higher wage provisions may dent SBI Q4 earningsThe bank's profit is expected to range between ₹16,000 crore and ₹20,000 crore, based on consensus estimates from five brokerages. This is ...- Healthy loan growth, fall in provisions spruce up SBI Q3Unlike a year ago, SBI did not have to make a ₹7,100-crore provision for employee pension and wages, boosting profit growth at the country'...
- SBI Q4 Preview: Profit may fall 24% YoY; NII seen flatAnalysts anticipate a relatively stable net interest income (NII) growth or potentially a slight decrease of up to 1% year-on-year, attribu...
- Brokerages remain upbeat on SBI despite lackluster Q3 earnings. Here's whySBI shares fell 2% due to high wage costs affecting earnings. Jefferies and Nomura maintain buy ratings on SBI for strong loan growth. Kota...
- SBI says wage hike provisions to reach Rs 26,000 crore by MarchState Bank of India (SBI) has reported a sharp 35% decline in its net profit for the December quarter due to increased salaries and pension...
- SBI net falls 35% in Q3 on higher wage, pension provisionsThe country's largest bank reported a net profit of ₹9,164 crore for the third quarter against ₹14,205 crore a year earlier. It made provis...
- SBI takes hit from wage, pension provisions as profit fallsChairman Dinesh Khara however reiterated the bank’s target of maintaining a return on equity (RoE) of 15% on a sustainable basis even as he...
- SBI Q3 results today: What to expect, key things to track for investorsSBI has guided for a shortfall of Rs 10,000 crore towards the new wage agreement, which will be spread over two quarters of H2FY24. In the ...
- SBI Q3 Preview: PAT may fall on higher operating expenses; NII growth mutedNet interest income is likely to grow around 6% year-on-year (YoY) in the December quarter, according to an average estimate of five broker...
- SBI delivers steady Q2 earnings, misses estimates. Should you buy the stock?However, the Street appeared unimpressed over the developments as the stock fell to the day's low of Rs 575.50, declining 0.45% in the earl...
- Provision write back helps SBI as wage costs riseNet profit increased to Rs 14,330 crore in the quarter ended September 2023 from Rs 13,265 crore a year earlier due to a 12% growth in adva...
- MGNREGA payments lower than minimum agricultural wages in some states: ReportLakhs of migrant workers have made arduous journeys back home on foot, bicycles, and crowded trucks, while the more luckier ones have been ...
- SBI reports second straight quarterly loss: 5 key takeawaysThe bank's net loss widened to Rs 7,718 crore in Q4 over loss of Rs 3,442 crore last year.
- State Bank of Bikaner & Jaipur Q4 net down 31% at Rs 193 croreThe total income during January-March increased to Rs 2,709.36 crore as against Rs 2,634.66 crore in the same period a year ago, it said in...
- Growth will be lesser in Banking space: Jitendra Sriram, HSBC Asset ManagementWe have seen a couple of the large Indian banks already talking about some slowdown in credit, so the growth factor will actually be a lot ...
- SBI rights issue: Government to examine books firstCRAR, or capital to risk-weighted assets ratio, is a measure of a bank's ability to absorb losses from lending before its depositors take a...
- SBI to submit revised proposal on rights issue in JuneCountry's biggest lender State Bank of India said it will submit the revised proposal to the government for Rs 20,000 crore rights issue ne...
- SBI pegs pension liability at Rs 11,707 croreState Bank of India which reported its lowest quarterly numbers in the past one decade, has said that its pension liability is more than Rs...
- SBI sees enough liquidity despite 3G, tax cash outgoSBI on Wednesday hinted that it might not hike interest rates immediately as liquidity remains sufficient in the system despite the expecte...
- SBI Q4 net dips 32%; shares take 4% hit on BSESBI's net profit for the January-March quarter has fallen by 32 per cent at Rs 1,867 crore due to a host of reasons, including higher provi...
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