The new service charges will come into effect from July 1, 2021, SBI mentioned on its website
ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Banking & Financial Services sector. The brokerage house expects SBI to report net profit at Rs. 5,589 crore up 33.4% year-on-year (down 13.4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 3.6 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 27,605.7 crore, according to ICICI Direct.
Pre Provision Profit (PPP) is likely to fall by 13.1% Y-o-Y (down 20.3 percent Q-o-Q) to Rs. 15,702 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read More