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SBI falls on fears of likely higher bad loans for Oct-Dec

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Reuters Delhi, India
Last Updated : Feb 13 2013 | 5:30 PM IST

Reuters Market Eye - Shares in State Bank of India fell as much as 2.3 percent on speculation that the bank could report higher-than-expected bad-loans in the October-December earnings on Thursday.

SBI could also miss consensus earnings per share (EPS) estimates by 3 percent in the October-December quarter, according to Thomson Reuters StarMine SmartEstimate data, which measures the forecasts from top-ranked analysts against wider forecasts.

StarMine SmartEstimate suggests EPS for the quarter ending December at 52.50 rupees, compared with mean estimates of 54.15 rupees.

(Reporting by Manoj Dharra)

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First Published: Feb 13 2013 | 3:49 PM IST

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