Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
08 October, 2015 02:32 IST
Capital infusion to aid SBI in growing loan portfolio at faster pace: Angel Broking
Source: IRIS Exclusive | 31 Jan, 2012, 12.53PM
Comments  |  Post Comment

Angel Broking has reiterated `Buy` on State Bank of India (SBI) with a price target of Rs 2,359 in its report dated Jan. 31, 2012. The broking house gave the following rationale:

According to a filing by SBI on BSE, the government of India has approved capital infusion of Rs 79 billion in the bank. (Q,N,C,F)* The capital infusion is expected to aid the bank in growing its loan portfolio at a faster pace and also increase the tier-1 ratio of the bank to above 8%, which as of 2QFY2012 stands at 7.5%.

We reiterate a buy on the stock with a target price of Rs 2,359.

Click here to view full report

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
Tata Motors launches two new cars in South Africa - 07-Oct-2015 17:51
ICICI Bank inaugurates new branch in J&K - 07-Oct-2015 17:41
Corporation Bank reduces base rate by 25 bps to 9.65% - 07-Oct-2015 17:31
TechM to develop UK's Intelligent Mobility market - 07-Oct-2015 17:13
Man Industries bag orders worth Rs 7 bn - 07-Oct-2015 16:25
Nucleus Software to showcase new banking product at Sibos - 07-Oct-2015 16:12
Yes Bank ties-up with MatchMove Pay to expand in e-commerce markets - 07-Oct-2015 15:51
Indian Overseas Bank's rating may face pressure if credit profile weakens: S&P - 07-Oct-2015 15:20
DIIs increase stake in ICRA - 07-Oct-2015 12:46
DIIs raise shareholding in Cadila Healthcare - 07-Oct-2015 12:38
DIIs cut stake in Biocon; FIIs increase exposure - 07-Oct-2015 12:17
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer