We advise investors to check with certified experts before taking any investment decisions. These do not represent the views of Mint. Hi My Portfolio My Watchlist My Messages Saved Videos Sign out. The bank's domestic net interest margin (NIM) for Q4FY23 increased by 44 bps YoY to 3.84%.ĭisclaimer: The views and recommendations given in this article are those of individual analysts. SBI Futures - Future trading, future and options, Intraday, future market, technical chart, SBI financial report details on Moneycontrol. India's largest commercial bank's net interest income (NII) during Q4FY23 increased 29.5% to ₹40,392 crore from ₹31,197 crore. SBI reported a net profit of ₹16,694.5 crore for the quarter ended March 2023, a rise of 83% from ₹9,113.5 crore in the corresponding quarter last year. Vaibhav Kaushik of GCL Broking further added that once the stock breaches its ₹600 hurdle one should upgrade trailing stop loss at ₹570 and hold SBI shares for next target of ₹630 apiece. So, those who have SBI shares in portfolio are advised to maintain trailing stop loss at ₹530 whereas fresh buyers should wait for more correction in the stock." Once it breaches ₹600 hurdle, it may go up to ₹630 apiece levels. SBI Cards Q4 Net Profit may dip 5 YoY to Rs. Buy SBI Cards and Payment Services target of Rs 960: HDFC Securities. Accumulate SBI Cards and Payment Service target of Rs 935: Prabhudas Lilladher. So, if SBI shares fall around ₹550 apiece levels, one should buy the scrip maintaining stop loss at ₹530 levels. Buy SBI Cards and Payment Services target of Rs 930: Motilal Oswal. A dialogue box reading - ‘Your form has been successfully submitted’ will appear on the screen.On pivot levels in regard to SBI shares, Vaibhav Kaushik, Research Analyst at GCL Broking said, “SBI share price has strong support at ₹530 whereas it is facing strong hurdle at ₹600 apiece levels. Step 8: Then click on the ‘Submit’ button. Also, provide at least five nominee details based on your preference. Step 7: To proceed further, enter bank’s branch code and branch name. Street is factoring in a strong double-digit growth in both loan book and net interest income with Motilal Oswals profit growth estimate going as high as 66.4. Step 6: If you don’t want to click on minor then fill in the branch code in which you are willing to open your PPF account. SBI is a PSU bank stock that is under investor radar as it is set to report its March quarter numbers later in the day. Step 5: Those opening an account on behalf of a minor, need to tick the box on the space provided. Details such as name, address, PAN card and CIF number will be displayed on the screen. Step 4: On the new window, the “New PPF Account” page will appear. Step 3: From the drop-down menu, click and select the ‘New PPF Accounts’ link. 17-05 State Bank of India - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation. Step 2: Click on the link that reads – ‘request and enquiries’ section from top right corner. Step 1: Log in to SBI’s online account at by using correct credentials. Here’s a step-by-step guide to open an SBI PPF account online: State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.SBI is the 49th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the worlds biggest corporations of 2020, being the only Indian bank on the list. Opening an SBI PPF account online is a convenient way to start saving for your future. This PPF account can be opened either by visiting the branch of the bank or online as well. The PPF scheme is regulated by the Ministry of Finance (MoF) and is also available through authorised banks like State Bank of India (SBI) and post offices across the country. It is a low-risk investment that is ideal for those who are looking for a safe investment option with stable returns. SBI Q4 results preview: The largest public sector lender of country, State Bank of India is set to announce its fourth-quarter results for FY23 on May 18th. The PPF account has a tenure of 15 years and currently offers 7.1 per cent annual interest. Company Facts - State Bank of India Tel: 022-22740841 022-22740842 Fax: 022-22855348 Email:. It is designed to encourage individuals to save for their retirement while also providing a tax-saving benefit. A Public Provident Fund (PPF) account is a long-term savings scheme that is backed by the Government of India.
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