SBI Q1 preview: Treasury loss, subdued loan growth may cloud profitability

SBI Q1 Results: Projections on the quantum of decline in net profit vary widely across brokerages as they see a sequential slide anywhere between 7 per cent and 51 per cent

SBI Q1 preview: India’s largest state-owned bank, State Bank of India (SBI), could take a hit on its profits for the April-June quarter (Q1FY23) as the lender nurses treasury losses, said analysts. Projections on the quantum, however, vary widely across brokerages as they see a sequential slide in profit after tax ranging between 7 per cent and 51 per cent.

That apart, tepid loan growth on a quarterly basis may also sour earnings sentiment. The bank is slated to report its earnings on Saturday, August 6.

“Credit growth is likely to follow industry average trend (up 2 per cent quarter-on-quarter,