17 January 2007

state bank of india
Indian economy has grown at a sustained pace over the last few years with GDP growing at 7.5% in financial year 2005 and is likely to touch 8.1% in financial year 2006 on the back of robust growth in manufacturing & service sectors. A key beneficiary of this economic boom was the banking sector, which is witnessing credit growth of more than 30%. The incremental credit deposit ratio has climbed above 80% along with jump in deposit mobilization. Despite pressure on margins, banks have been steadily raising their net interest margins in the past few quarters through shift in asset mix, stabilization of yields on advances and cost controls. The reliance on treasury profits has gone down sharply thereby bringing in more stability to the bank’s bottomline as against earlier volatility. We expect the current growth momentum to continue with banks likely to further grow in size & profitability over the next 12-15 months.

Company Snapshot - State Bank of India

Industry : Finance - Banks - Public Sector
Company Profile
we are very much bullish on sbi we think it will be a new record setter of the market one can buy with a trg of 1350 tahn 1500.

by erectusplus at 16:28:00 |

0 Comments:

Post a Comment

<< Home