State Bank of India-SBI Q1 PAT seen down 22% at Rs 1956.2 cr

Banking major SBI will declare its first quarter numbers of FY12. According to estimates, SBI is likely to post PAT at Rs 1,956.2 crore, down 33% compared to corresponding quarter last fiscal.

However, the major lender of the country may have increased its net interest income by 17% to Rs 8,528.7 crore from Rs 7,303 crore on a year-on-year basis.

Factors to watch

NIMs may remain stable QoQ or see some improvement
Loan growth seen muted at 16-18% levels
Deposit growth expected around 16%
Provisions will be higher
May provide Rs 550 crore to reach 70% PCR
Slippages to remain high at Rs 4500 cr
Fee income seen at 19-20% YoY