SBI reports Q4 earnings miss amid bond yield pressures
after close1 source ↓written by the desknot a recommendation
- in net interest
- 4% rise
- interest income
- ₹443.8 billion
- dropping
- 29%
- loss on unwound
- ₹570 million
State Bank of India (SBI) reported a 4% rise in net interest income to ₹443.8 billion, but fell short of forecasts, leading to a sharp decline in its shares. The bank's treasury income suffered significantly, dropping 29%, primarily due to tighter RBI regulations and rising bond yields, which resulted in a ₹570 million loss on unwound foreign-exchange trades. 📉
Not investment advice. For informational purposes only.