SBI reports Q4 earnings miss amid rising bond yields
after close1 source ↓written by the desknot a recommendation
- SBI unwound
- $5 billion book
State Bank of India (SBI) reported a 4% rise in net interest income to ₹443.8 billion for Q4, but overall results fell short of expectations, leading to a sharp decline in shares. The bank's other income dropped 29% due to tighter RBI rules and rising bond yields, which negatively impacted its treasury income. SBI unwound a $5 billion book, incurring a loss of ₹570 million.
This earnings miss highlights the challenges posed by volatile bond markets and regulatory changes, potentially affecting investor sentiment in the banking sector.
Not investment advice. For informational purposes only.