Estimated Result of State Bank of India

State Bank of India is to announce its Q4FY08 results. According to CNBC-TV18 estimates, the company's Q4 net profit is seem up 9.92% from Rs 1493.2 crore to Rs 1641.36 crore.Its Q4FY08 net interest income is expected to go up 0.72% from Rs 4505.9 crore to Rs 4538.54 crore
SBI FY08
The company's net profit is seen up 42.84% from Rs 4541.3 crore to Rs 6487.16 crore.Its FY08 net interest income is seen up 11.6% from Rs 15017.4 crore to Rs 16759.14 crore
Q4FY08
* Expect margins to remain stable QoQ but decline YoY
* Absence of CRR interest coupled with lower margins would keep NII growth muted
* Expect advances growth at 24% YoY and deposit growth at 21-22% YoY.
* Fee income growth would remain strong at 15%, Treasury profits are likely to be subdued.
* Provisions to be higher on account of revised AS-15
EPS
FY08: Rs 103 vs 86.3
FY09: Rs 125.4
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