SBI Q3 slippages to be lower despite Kingfisher exposure: IIFL

Published On: February 13, 2012 | Duration: 5 min, 51 sec

India's biggest lender, State Bank of India, will report its third quarter earnings which will see poor asset quality on account on Kingfisher which has been classified as a non-performing asset (NPA). SBI's total slippages are expected to be at Q2 levels (or slightly lower). "Slippages have improved. Also, despite Kingfisher Airlines being classified as NPA, slippages could be lower on a sequential basis," Rajiv Mehta, AVP (Research) at IIFL told NDTV Profit ahead of results.