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India Equity Research Reports, IPO and Stock News
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State Bank of India
CASA 50%, NIM of 3.6%, even if it compresses, will still be around the 3.3% level.
If rights issue goes through in the next 1-2 quarters, there should be further
cushion for NIM.
At 2,500, core bank trading at 1.5x FY12 ABV; it could trade up to 1.8x, implying a
20% upside.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
State Bank of India
CASA 50%, NIM of 3.6%, even if it compresses, will still be around the 3.3% level.
If rights issue goes through in the next 1-2 quarters, there should be further
cushion for NIM.
At 2,500, core bank trading at 1.5x FY12 ABV; it could trade up to 1.8x, implying a
20% upside.
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