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Home » Finance Current Affairs » Earnings growth in Q2 likely to be 30-35%: SBI

Earnings growth in Q2 likely to be 30-35%: SBI

Current Affairs

Mumbai: The State Bank of India (SBI) expects its earnings growth in the second quarter of this fiscal (FY 10) to be around 30-35 per cent, the bank Chairman O P Bhatt said.

"We expect a growth of 30-35 per cent year-on-year in our earnings in the second quarter," Bhatt said on the sidelines of a FICCI-IBA seminar here today.

The bank did not expect any mark-to-market losses in its treasury segment in the second quarter, he added.

The country's largest lender has also seen a healthy growth in its retail loans in the second quarter- almost twice as high as compared to the year-ago period, Bhatt said.

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