Earnings growth in Q2 likely to be 30-35 pc: SBI Chief

Last Updated: Tuesday, September 8, 2009 - 14:53

Mumbai: State Bank of India (SBI) expects
its earnings growth in the second quarter of this fiscal (FY
10) to be at around 30-35 per cent, its Chairman, O P Bhatt,
said.

"We expect a growth of 30-35 per cent year-on-year in
our earnings in the second quarter," Bhatt said on the
sidelines of a FICCI-IBA seminar here today.

The bank did not expect any mark-to-market losses in
its treasury segment in the second quarter, he added.

The country`s largest lender has also seen a very
healthy growth in its retail loans in the second quarter,
almost twice as high as compared to the year-ago period, Bhatt
said.

Bureau Report



First Published: Tuesday, September 8, 2009 - 14:53
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