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State Bank of India
State Bank of India (SBI) has a comfortable liquidity position and does not foresee any
major challenges on this aspect. It has an excess SLR (statutory liquidity ratio, i.e.
compulsory govt bond holding) of 2-3%.
The bank is confident of maintaining margins at current levels for the next two quarters.
However, after that, it could see some compression depending on the macroeconomic
environment.
SBI expects system loans to grow at ~20% YoY next year, and for itself it sees growing
200-300bps ahead of the system.
On the topic of financial inclusion as mandated by the government, the bank sees the
situation as favorable for itself. With greater penetration in remote parts of the country, it
is confident of growing further. However, it mentioned that it is not optimistic on setting
up full fledged branches in such areas due to lower volumes of business and is looking
at other avenues such as kiosks and swipe machines to improve visibility.
The bank is positive on increasing competition in urban and metro areas as it sees an
opportunity for itself to face challenges and improve. On the other hand, it expressed
concern on the ongoing talent scarcity being faced by major state-owned banks,
including SBI, and sees this as a bottleneck, specifically in the middle management.
The bank has entered into a joint venture agreement with Bharti for providing mobile
banking services. Initially it plans to offer remittance services through Bharti outlets
spread across the country. It expects service to start by the end of 1Q12.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
State Bank of India
State Bank of India (SBI) has a comfortable liquidity position and does not foresee any
major challenges on this aspect. It has an excess SLR (statutory liquidity ratio, i.e.
compulsory govt bond holding) of 2-3%.
The bank is confident of maintaining margins at current levels for the next two quarters.
However, after that, it could see some compression depending on the macroeconomic
environment.
SBI expects system loans to grow at ~20% YoY next year, and for itself it sees growing
200-300bps ahead of the system.
On the topic of financial inclusion as mandated by the government, the bank sees the
situation as favorable for itself. With greater penetration in remote parts of the country, it
is confident of growing further. However, it mentioned that it is not optimistic on setting
up full fledged branches in such areas due to lower volumes of business and is looking
at other avenues such as kiosks and swipe machines to improve visibility.
The bank is positive on increasing competition in urban and metro areas as it sees an
opportunity for itself to face challenges and improve. On the other hand, it expressed
concern on the ongoing talent scarcity being faced by major state-owned banks,
including SBI, and sees this as a bottleneck, specifically in the middle management.
The bank has entered into a joint venture agreement with Bharti for providing mobile
banking services. Initially it plans to offer remittance services through Bharti outlets
spread across the country. It expects service to start by the end of 1Q12.
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