{"id":135876,"date":"2022-11-08T09:10:25","date_gmt":"2022-11-08T14:10:25","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135876"},"modified":"2022-11-17T09:11:27","modified_gmt":"2022-11-17T14:11:27","slug":"state-bank-of-india-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"State Bank of India Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"State Bank of India Q2 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/W_FDVFWMDGI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from State Bank of India (<a href=\"https:\/\/44.250.171.167\/symbol\/SBIN\/\">SBIN<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:12:07] Mahrukh Adajania of IDFC asked about margins, if for the next few quarters SBIN will continue to see margin expansion. Dinesh Khara Chairman answered that the bank will try to keep the NIM at the current levels though it might give better results QonQ.<\/li>\n<\/ul>\n<ul>\n<li>[00:12:56] Mahrukh Adajania of IDFC enquired about deposit growth, if the bank will continue to see flattish deposit growth. Dinesh Khara Chairman answered that the bank expects the kind of growth can be there in the deposit to support the advances growth for the remaining part of the year.<\/li>\n<\/ul>\n<ul>\n<li>[00:14:19] Mahrukh Adajania of IDFC also asked about the quarterly increment expectation in the wage bill for the new wage revision. Dinesh Khara Chairman replied that the estimate increase in wages if it\u2019s 10%, SBIN expects about INR477 crore. And if it\u2019s 12%, it is about INR580 crore.<\/li>\n<\/ul>\n<ul>\n<li>[00:23:39] Saurabh Kumar with JP Morgan asked about net slippage being negative in 2Q23 and what\u2019s the outlook for the near term. Dinesh Khara Chairman replied that as of now SBIN is not envisaging any challenge. Also, the bank has built enough cushion in balance sheet to address any such challenges.<\/li>\n<\/ul>\n<ul>\n<li>[00:28:36] Saurabh Kumar from JP Morgan asked about the reason for an increase in the SMA1 loan book. Dinesh Khara Chairman answered that SMA is a phenomenon that\u2019s on a particular day. So it is a number that keeps on changing and even in retail also SBIN has pulled back some of the SMEs also.<\/li>\n<\/ul>\n<ul>\n<li>[00:31:08] Jai Mundhra with B&amp;K Securities enquired that in margins, if there is any one-off in interest income or it\u2019s purely organic. Dinesh Khara Chairman answered that in 2Q23, the bank had INR592 crore as interest on income tax refund vs. INR1,900 crore last year. So considering the numbers it\u2019s almost insignificant.<\/li>\n<\/ul>\n<ul>\n<li>[00:31:39] Jai Mundhra with B&amp;K Securities asked about the breakup of the entire loan book by EBLR, MCLR, fixed rate etc. Dinesh Khara Chairman replied that almost about 75% of the book is linked to MCLR and EBLR. And out of that about 41% is MCLR linked. The remaining is EBLR linked. And fixed rate is about 21% and rest is BPLR, base rate etc.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:44] Adarsh Parasrampuria of CLSA asked that since margins have done so well, if the bank is seeing any scope for changes in savings rate. Dinesh Khara Chairman replied that SBIN will look at the market scenario. And also, for high-value savings bank account, SBIN has already increased the interest rates.<\/li>\n<\/ul>\n<ul>\n<li>[00:38:20] MB Mahesh from Kotak asked if there\u2019s a threshold limit beyond which the bank would say margins seem to be too high and would like to revisit the spreads across lending products. Dinesh Khara Chairman said that SBIN has not kept any threshold margins, but it would like to be reasonable with customers both on deposit and loan side.<\/li>\n<\/ul>\n<ul>\n<li>[00:40:57] Kunal Shah with ICICI Securities asked about other provisions of INR900 crores, what does that pertain to. Saloni Narayan Deputy M D of Finance replied that it is towards restructuring. And SBIN has provided 30% instead of the 5% mandatory by RBI guidance.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from State Bank of India (SBIN) Q2 FY23 Earnings Concall Q&amp;A Highlights: [00:12:07] Mahrukh Adajania of IDFC asked about margins, if for the next few quarters SBIN will continue to see margin expansion. Dinesh Khara Chairman answered that the bank will try to keep the NIM at the current levels though it might [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"State Bank of India Q2 FY23 Earnings Conference Call Insights #SBIN #Q2 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[8249,10169,10097],"class_list":["post-135876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-banks","tag-earnings","tag-financial-service"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140241,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135876,"position":0},"title":"State Bank of India Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 6, 2023","format":false,"excerpt":"Key highlights from State Bank of India (SBIN) Q3 FY23 Earnings Concall Q&A Highlights: [00:11:08] Mahrukh Adajania from Nuvama enquired about write-offs being marginally higher in 3Q23. Dinesh Khara Chairman replied that write-offs is in the normal course of the business of about INR10,000 crores. Generally write-offs were taken towards\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":129537,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":135876,"position":1},"title":"State Bank of India Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 16, 2022","format":false,"excerpt":"Key highlights from State Bank of India (SBIN) Q4 FY22 Earnings Concall Management Update: SBIN said it clocked highest ever profit of INR31,676 crores for FY22, up 55.2% YoY. Q&A Highlights: Mahrukh Adajania from Edelweiss asked about breakdown of loan book by benchmark rates. Dinesh Khara Chairman replied that T-bill\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132599,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135876,"position":2},"title":"State Bank of India Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 8, 2022","format":false,"excerpt":"Key highlights from State Bank of India (SBIN) Q1 FY23 Earnings Concall Management Update: SBIN said its end-user mortgage portfolio for the bank had the best quarter in 1Q23. Q&A Highlights: Mahrukh Adajania from Edelweiss asked about international loans, which sectors contributed most to international growth. Dinesh Khara Chairman replied\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146733,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135876,"position":3},"title":"State Bank of India Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"May 19, 2023","format":false,"excerpt":"Key highlights from State Bank of India (SBIN) Q4 FY23 Earnings Concall Q&A Highlights: [00:13:08] An analyst asked about Bank's expectation for credit growth in FY24 and if there a risk of a material increase or impact on domestic margins due to deposit growth and pricing. Dinesh Khara Chairman said\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133585,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-sbin-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":135876,"position":4},"title":"State Bank of India (SBIN) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 6, 2022","format":false,"excerpt":"State Bank of India\u00a0 (NSE:SBIN) Q1 FY23 Earnings Concall dated Aug. 06, 2022 Corporate Participants: Sanjay Kapoor -- General Manager, PPR Dinesh Kumar Khara -- ChairmanAlok Kumar Choudhary -- Managing Director, Retail Business and Operation Analysts: Mahrukh Adajania -- Edelweiss -- Analyst Unidentified Speaker -- Mona Khetan -- Dolat Capital\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127208,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":135876,"position":5},"title":"State Bank of India Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 8, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=xg48NKw32pY Key highlights from State Bank of India (SBIN) Q3 FY22 Earnings Concall Management Update: SBIN said its team is committed to deliver 15% plus ROE consistently over the long term and as credit growth picks up the bank expects the profitability ratios to improve further. Q&A Highlights: Mahrukh Adajania\u00a0\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135876"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}