State Bank of India
Reco: Buy
PT: Rs378
CMP: Rs282
Earnings and asset quality show revival, Buy maintained
Key points
Earnings
up 23% YoY: In Q4FY2015 State Bank of India (SBI) reported a 23% Y-o-Y
growth in net profit, aided by treasury income of Rs1,659 crore and net
interest income (NII) growth of 14% YoY. However, there was a one-off
income from interest on income tax refund which led to better than