Monday, November 5, 2018

Deutsche turns bullish on SBI

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Deutsche Bank is bullish on State Bank of India. The stock is on the cusp of a ‘big turnaround’ as the country’s biggest bank could emerge as a key beneficiary of the ongoing liquidity squeeze. With challenges around the merger of its subsidiaries over and corporate cycle improving, the state-owned lender’s earnings are expected to improve from 2019-20.

State Bank of India shares, which have fallen 8 per cent so far in 2018, under-performed in recent years led by a prolonged period of low credit growth, slow economic growth, NPAs and mergers of its subsidiaries with itself.

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