State Bank of India beats quarterly profit estimates

7 articles · Updated · Bloomberg · May 8

March-quarter net income rose 5.6% to 196.8 billion rupees at the Mumbai-based lender, topping the 188.98 billion rupees analyst average.
The result was supported by robust loan growth as credit demand strengthened in India, the world's fastest-growing major economy.
SBI controls about a quarter of India's loan market, making its earnings a closely watched indicator of banking and economic momentum.

With shrinking margins despite record lending, is SBI's growth strategy actually sustainable?

SBI beat profit forecasts, so why did its stock immediately plummet nearly 6%?