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
31 October, 2014 05:06 IST
News
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.


Live News
Rupee slips against dollar to settle at 61.45 - 30-Oct-2014 17:34
Waste Management third-quarter earnings drop - 30-Oct-2014 17:10
Sugar production to be 250.46 lakh tons during 2014-15 - 30-Oct-2014 17:03
FDI in construction to give fillip to India's real estate sector: Cushman & Wakefield - 30-Oct-2014 16:52
Bharti Airtel consolidated Q2 profit more than doubles - 30-Oct-2014 16:50
RBI cancels licence of The Baripada Urban Co-op Bank - 30-Oct-2014 16:40
HCC Q2 profit falls 78.6% - 30-Oct-2014 16:36
Bata India launches its new city format store in Bandra - 30-Oct-2014 16:35
Acadia Healthcare third-quarter profit jumps - 30-Oct-2014 16:33
''India's recent policy changes could accelerate growth, ease constraints on sovereign credit profile'' - 30-Oct-2014 16:32
Angel Broking neutral on Maruti Suzuki post Q2 result - 30-Oct-2014 16:27
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   jd6xb2 into this box
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