Will Bhushan Power resolution help SBI post stellar numbers for Q4?
MUMBAI: State Bank of India NSE 0.82 % (SBI) is projected to report a 77 per cent year-on-year rise in net profit for the quarter ended March 31 at Rs 6,342.2 crore, according to an average of estimates from seven brokerages polled by ETMarkets.com.
The state-owned lender’s performance will be boosted by the resolution of Bhushan Power during the quarter, a long-running bankruptcy case in the National Company Law Tribunal. In March, JSW Steel implemented the Rs 19,350 crore resolution plan for Bhushan Power where SBI was the lead banker.
