The global investment bank raised earnings for SBI by 3-5 per cent. It has factored in better credit growth as it is well-placed to gain market share. Net interest margins (NIMs) may be range-bound as the share of corporate credit rises. Healthy credit growth and low credit costs will support earnings growth, said the note.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian markets tumbled on Friday, mirroring global anxieties over the US Federal Reserve’s projected slower rate cuts. Heavy selling in financial and IT stocks pushed