State Bank of India share price target

We believe normalization in credit costs and improved growth outlook should lead to double-digit ROEs of 13-15% by FY22-23E. We maintain Buy on the stock with a revised target price of Rs 555 (SOTP basis core book at 1.1x and subsidiaries at Rs 162).

Gaining momentum in earnings; asset quality outlook strong Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for India Research, Sales, Corporate Access and...

State Bank of India is India's largest bank. The bank operates 22,219 branches globally and has a vast network of 62,617 ATMs/CDMs. It provides a wide range of financial services, such as insurance, credit cards and asset...

We maintain a Buy on the stock with a revised target price of Rs 510/share (SOTP basis core book at 1.1x and subsidiaries at Rs 152), implying an upside of 27% from CMP.

net interest income as well as non interest income, while bank has improved cost to income ratio. Bank has posted robust improvement in asset quality on sequential basis as well as over a year earlier level. Bank has maintained stable Net Interest Margin (NIM) helping Net Interest Income (NII) growth to accelerate in Q4FY2021. Bank has maintained business growth steady...

Slippages at record low; credit cost guidance appears conservative SBIN reported a strong 4QFY21, with GNPA/NNPA ratio improving to 4.98%/1.5% (v/s pro forma GNPA/NNPA of 5.44%/1.81% in 3QFY21), aided by benign slippages (lowest in the past 20 quarters barring the period of moratorium/SC prohibition). Slippages stood at 1.2% of loans (much better than other large Banks) in FY21, with impeccable Retail asset quality (slippages at 0.5% of loans). Restructured book stands at 0.7% of loans, well within the management's guided range....

Based on the above themes we recommend the following stocks: ICICI Bank, SBI, Equitas SFB, Federal Bank, Bharti Airtel, HCL Tech, Tech Mahindra, Varun Beverages, Relaxo Footwears, Amber Enterprises, Camlin Fine Science, Minda Industries, Steel Strip Wheels. Lupin & ACC

Inflection for growth recovery has been reached State Bank of India is India's largest bank. The bank operates 22,330 branches globally and has a vast network of 57,889 ATMs/CDMs. It provides a wide range of financial services, such as insurance, credit cards and asset...