State Bank of India (SBI) is set to announce its September quarter earnings on Wednesday and the lender is likely to report a good Q2. The loan growth is expected to be around 6-8 percent on a year-on-year (YoY) basis.

SBI has cut its lending rates which could put pressure on yields. However, net interest margins (NIMs) are expected to remain stable aided by cost of funds.

Provisions are expected to remain on the higher side due to elevated slippages and moratorium book. Asset quality is expected to improve. Guidance on credit cost, growth and provisions will be seen closely.

Watch video for more

(Edited by : Niral Sharma)

First Published:Nov 3, 2020 2:26 PM IST