SBI Q4 results miss expectations amid bond yield pressures
pre-market1 source ↓written by the desknot a recommendation
- in net interest
- 4% increase
- for Q4
- ₹443.8 billion
- in other income
- 29% drop
- loss from unwinding
- ₹570 million
- foreign-exchange book
- $5 billion
State Bank of India reported a 4% increase in net interest income to ₹443.8 billion for Q4, but fell short of forecasts due to a 29% drop in other income. The bank faced challenges from tighter RBI regulations and rising bond yields, leading to a ₹570 million loss from unwinding a $5 billion foreign-exchange book. 📉
These results may impact investor sentiment, as the treasury business struggles amid changing market conditions.
Not investment advice. For informational purposes only.