CLSA on SBI BUY Target Price Rs750 from Rs 650 Surprise continues 2QFY22 performance was a beat on most counts Raise EPS est by 3-5% for FY23-24CL 1% ROAs and +15% ROEs by FY23CL Slippages at 18bps of loans Credit costs have started to undershoot Core earnings growth improves Reduce our credit cost assumption to 95-100bps, and with current trends, credit costs may undershoot our estimates SBI’s asset quality in a pandemic has been better than private banks SBI reiterates a BUY and remains a top sector pick along with ICICI Bank and SBI Life Insurance 6.6K views17:50
