Showing posts with label results. Show all posts
Showing posts with label results. Show all posts

Wednesday, August 15, 2012

Result of SBI Clerical Recruitment written Exam 2012 declared


CLERICAL RECRUITMENT [ASSISTANTS & STENOGRAPHERS] IN STATE BANK OF INDIA

(ADVT NO. CRPD/CR/2011-12/05 dated 27-12-2011 & CRPD/CR/2011-12/5A dated 01-03-2012)

Written Examination held on 27-05-2012 & 03-06-2012

Get Result

Result of SBI Clerical Recruitment written Exam 2012 declared

CLERICAL RECRUITMENT [ASSISTANTS & STENOGRAPHERS] IN STATE BANK OF INDIA

(ADVT NO. CRPD/CR/2011-12/05 dated 27-12-2011 & CRPD/CR/2011-12/5A dated 01-03-2012)

Written Examination held on 27-05-2012 & 03-06-2012

Get Result

State Bank of India maintains margin guidance of 3.75%


Mumbai, August 13: In an interview to CNBC-TV18, Pratip Chaudhuri,  Chairman of State Bank of India says, 9% of total midcap book of Rs 1.75 lakh crore is NPA. The bank maintains its margin guidance of 3.75%. State Bank of India‘s first quarter results disappointed the street. While net profit jumped 136% year-on-year to Rs 3,752 crore, investors were unnerved by the steep rise in non-performing assets. The bank’s net interest income for the quarter rose 14.6% to Rs 11,119 crore, as a 23% rise in borrowing costs ate into the profit margins. The bank’s operating income rose 10.5% year-on-year and operating profit, 13%.

The bank’s net NPA rose to 2.22% from 1.82% quarter-on-year. The bank maintains its margin guidance of 3.75% and Chaudhuri explains, “It’s a slightly fluctuating game, but I do not think there is still possibility of it dropping very substantially. It would not. This is the bottom and we maintain 3.75% guidance because what is core to our margin is our ability to procure savings bank account at an optimum price.” Going forward, he expects the credit growth to come mainly from the retail sector. Here is the edited transcript of the interview on CNBC-TV18.

Monday, August 13, 2012

NPAs and bad loans have returned to haunt banks

Mumbai, August 11: India‘s biggest bank, SBI, announced quarterly results earlier this week and the share price tanked. While the bank announced a big jump in net profit, its non-performing assets also rose sharply, confirming that weak growth and slowdown in key sectors such as power and steel were continuing to hit banks.

The fortunes of banks are now more closely entwined with that of big business than before. Loans to top corporate groups account for a significant chunk of all debt. Weak growth, both in India and globally, means the bad loan problem, never far from the agenda, has returned to haunt India‘s banks. And predictably once again, the brunt will be borne by the public sector banks.

SBI‘s non-performing loans, which are a bellwether for the entire sector, were Rs 20,324 crore or 2.22% of total loans (after provisions) for the latest quarter. That might not seem much, but that number was 1.6% a year ago. Many analysts expect worse to come over the next few quarters as corporate India, hit hard by slowing domestic and global growth, feels the pinch.

Sector-specific problems such as the difficulties faced by power plants in gaining access to fuel will also play a significant role since a big chunk of non-performing assets are expected to come from infrastructure. The fortunes of India‘s banks are now more tightly entwined with that of a few big corporate groups which now make up a significant chunk of total loans.

Not all these loans have turned bad, but if slow growth and infrastructure problems remain, then expect a large chunk of these loans to weigh significantly on banks’ books.

ET presents data on the exposure of Indian banks to the biggest corporate groups, based on a report by investment bank Credit Suisse.

They now account for 13% of total loans, up from just 6% five years ago. Indian banks are now reliant for their financial health on a small group of top borrowers….

According to Credit Suisse, “all banks appear to have high exposure to the same select few groups”. Also, most of the investments by these groups are in the same set of sectors – especially power and metals.

These 10 groups account for 70% of private sector power capacity likely to come up by 2016-17.

Wednesday, August 1, 2012

Thursday, July 19, 2012

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