Key Points
Leading public sector lender is expected to report muted earnings for the third quarter on Saturday mainly on account of higher operating expenses due to wage revision and pension costs...
Net interest income is likely to grow around 6% year-on-year (YoY) in the December quarter, according to an average estimate of five brokerages..
Net profit for the same period is seen declining 12% YoY...
In the preceding September quarter, SBI recorded 8% YoY growth at Rs 14,330 crore and net interest income rose over 12% YoY to Rs 39,500 crore...
Core PPOP (including catch-up wage provisions) shall grow 1% QoQ higher than other state banks due to a high base of opex in Q2FY24..
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