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2021-11-07 09:10:45 VMART : V-Mart Retail Ltd opens 7 new stores in UP, Bihar and Uttarakhand Open / Comment

2021-11-07 09:10:45 IRFC : Indian Railway Finance Corporation Ltd Board declares Interim Dividend of Rs. 0.77 Open / Comment

2021-11-07 09:10:45 INDIAN ECONOMY : India is ready to move into the next orbit of growth with the hugely successful implementation of the COVID-19 vaccination program, State Bank of India (SBI) Chairman Dinesh Kumar Khara said on Saturday. Open / Comment

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Open / Comment

2021-11-06 20:50:34 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 Open / Comment

2021-11-06 20:50:34 Jefferies on SBI

Switch to HOLD from BUY

Target Price Rs 600 from Rs 550

Asset quality strong

Stock up 90% YTD, growth is needed for next leg of returns

We don't see loan growth improving until SBI is okay to grow SME and/or large-corp. demand picks-up

We expect slight pick-up in loan growth from current levels and see 9% Cagr over FY21-24E, lower than key private bank peers

Reported slippages are understated by netting-off from recoveries
Raise our FY22-23 EPS by 13-15%

Growth uptick to drive next of stock returns; till clarity emerges we switch from Buy to Hold Open / Comment

2021-11-06 20:50:34 Nomura on SBI

BUY

Target Price Rs 630 from Rs 600 earlier

2Q review: Strong performance
Peak NIM, low net slippages were key positives

PPOP trend should correlate with loan growth from hereon

FY23F should reflect a normalized RoA and RoE at ~0.9% and ~16%, respectively

SBIN exits the COVID-19 second wave with a strong balance sheet
Considering slippages are likely to be more granular with quicker recovery periods, net slippages may be a better indicator while comparing banks

EPS estimate for FY22F is lower by 7% as we factor the pension cost Open / Comment

2021-11-06 20:50:34 Dish Tv Inform tht Crime Branch Issued Notice Under sec 102 of Cr P.C ,1973 To Yes Bank , Restricting Yes Bank From Dealing in or Exercising any Rights Over 44.5 cr shares of Dish Tv Co. Held By Yes Bank Till Completion Of Investigation or till Further orders Open / Comment

2021-11-06 20:50:34 Open / Comment

2021-11-06 20:50:34 Open / Comment