Wed, 13 Feb 2013 16:29:16 GMT | By Reuters

SBI falls on fears of likely higher bad loans for Oct-Dec

State Bank of India shares fell on speculation that the bank could report higher-than-expected bad-loans in the October-December earnings


SBI falls on fears of likely higher bad loans for Oct-Dec (© Reuters)

Mumbai: Shares in State Bank of India fell as much as 2.3 percent on speculation that the bank could report higher-than-expected bad-loans in the October-December earnings on Thursday. SBI could also miss consensus earnings per share (EPS) estimates by 3 percent in the October-December quarter, according to Thomson Reuters StarMine SmartEstimate data, which measures the forecasts from top-ranked analysts against wider forecasts.

StarMine SmartEstimate suggests EPS for the quarter ending December at 52.50 rupees, compared with mean estimates of 54.15 rupees.

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