BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Short (1M)
LKP Recommends 'Buy' On State Bank Of India
According to LKP, State Bank Of India (SBI) is expected to post record profitability beginning current fiscal year despite assuming higher slippage/credit cost guidance than the management. Lower employee provisions, higher employee retirals, a stable branch headcount, digitisation and higher technology investments and cost savings on recruitment of employees are expected to enable SBI to lower its cost ratios from 55.7 per cent in FY19 to 50.9 per cent in FY22, the brokerage adds.