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The State Bank of India, founded in 1955, is a banking company with a market capitalization of Rs 362963.95.
Finance
Consolidated total revenue for the quarter ending 30-06-2021 was 93266.94 rupees, total revenue for the previous quarter was down -9.83% from 103430.64 rupees and total revenue for the same period last year was up 6.00% from 87984.33 rupees. .. Banks reported net income after tax of Rs 7379.91 in the last quarter.
Basis for investment
SBIN has historically provided more than 15% RoE for the decade before the worst phase of the corporate cycle hit profits, but banks reported consecutive losses in 2017/2018. FY21 / 1Q FY22 performed well in a harsh environment. Deposit growth was strong, driven by the healthy trend of CASA, but lending growth is likely to recover gradually from 2010 to 2011. The outlook for asset quality remains particularly promising. The administrator improved the PCR to about 68%. A continuous recovery will further support the momentum of earnings. SBIN retains unused COVID-related provisions for ~ INR91b, which limits credit costs. SBIN reported a RoE of approximately 9.5% in FY2009. This is the highest since AQR was launched in 2016 and is currently aiming to regain 15% RoE in the medium term. The brokerage firm forecasts a RoA / RoE of 0.8% / 14.6% by FY23E and repeats SBIN as a top buy of 600 rupees per share (190 rupees per share from a subsidiary).
Promoter / FII Holdings
As of June 30, 2021, the promoter holds a 56.9% stake in the company, with FII holding a 11.4% stake, DII holding a 24% stake, and public institutions and others holding a 7.6% stake.
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