SBI Q3 profit may rise nearly 60% YoY; deposit growth could outrun peers

SBI Q3 preview: Brokerages believe the lender may report loan growth of 17-19 per cent year-on-year (YoY), in-line with industry growth

SBI Q3 preview: Country's largest state-owned lender State Bank of India (SBI) is slated to report its October-December quarter (Q3) results for financial year 2022-23 (FY23) on Friday, February 3.

Brokerages believe the lender may report loan growth of 17-19 per cent year-on-year (YoY), in-line with industry growth, while deposit growth could be around 10 per cent on year.

This, they said, would support net interest income (NII) improvement and margin expansion.

Consensus estimates by Bloomberg pegs NII at Rs 46,946 crore, up 19 per cent YoY (Rs 39,360 crore) and 6.6 per cent quarter-on-quarter (QoQ; Rs 44,058 crore). Net profit, meanwhile, is