State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 316912.96 Crore).
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Interest Income of Rs 45123.30 Crore, up .97 % from last quarter Interest Income of Rs 44688.82 Crore and down 8.97 % from last year same quarter Interest Income of Rs 49570.01 Crore. The bank reported net profit after tax of Rs 6402.16 Crore in latest quarter.
Investment Rationale
The brokerage maintains FY22E/FY23E estimates and project RoA/RoE of 0.8%/14.5% by FY23E.
Promoter/FII Holdings
Promoters held 56.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 10.9 per cent, DIIs 24.8 per cent and public and others 7.4 per cent.
