State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 246854.76 Crore).
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated Interest Income of Rs 44688.82 Crore, down -2.24 % from last quarter Interest Income of Rs 45711.40 Crore and down 4.05 % from last year same quarter Interest Income of Rs 46575.64 Crore. The bank reported net profit after tax of Rs 5403.81 Crore in latest quarter.
Investment Rationale
With overall improvement in macro and better quality asset profile, credit cost provides a room for positive surprise. Discount rate advantage plays in its favour to the maximum
Promoter/FII Holdings
Promoters held 34.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.9 per cent, DIIs 25.1 per cent and public and others 20.4 per cent.
