Ideas for Profit | Should investors bet on SBI's low valuation?

Описание: State Bank of India (SBI) reported a standalone net profit of Rs 3,581 crore for the quarter ended March 2020. Operating performance was marked by reasonable loan growth and controlled expenses. However, higher provisions pulled down the profit. On asset quality front, the slippages or gross additions to non-performing assets (NPA) were contained and were lowest in the last four quarters. But should SBI’s downward trending NPA be a matter to rejoice, knowing that COVID-19 is likely to hard-hit the asset quality of the entire banking sector?
In this edition of Ideas for Profit, Moneycontrol's Sakshi Batra discusses if investors should bet on SBI's low valuation?

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