India Investment, Stocks, Credit Card and Retail Forum
Investments in Indian Equity and Research => Equity Investments, Fundamental Research and Sectors Review => Sensex and Nifty Company Analysis => Topic started by: chetan on January 30, 2016, 02:43:54 PM
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Over the past 3M/6M, SBI has underperformed Bankex by 8%/10% on intensifying asset quality concerns, as RBI asked banks to make higher provisions on: (1) borrowers that are standard but facing stress, (2) projects behind schedule, and (3) accounts where loan restructuring has failed.
In this backdrop, Goldman Sachs has removed SBI from Asia Pacific Conviction Buy List
The report further said,
This overhang may continue until there is clarity on the extent of the pain, thus we remove SBI from the CL but retain our Buy with a new Rs290 12-m PT.