SBI reports dismal Q4 results on account of higher provisioning. Fourth Quarter profit is down almost 99% to Rs 21 Crore vs the expectation of Rs 2963 crores, on higher provisioning.
The Bank has made a provision of Rs 4157 crore versus Rs 2349 crore a year ago.
Following the worse-than-expected results, shares of SBI plunged more than 7% to Rs 2,416 on the NSE.
15 Stock Investment Tips from Rakesh Jhunjhunwala
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In USA over 80% while in India over 50% of trades are executed by trading algorithms. Beating trading algorithms, also known as algos, can b...
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1. Always go against tide. Buy when others are selling and sell when others are buying. 2. If you believe in the growth prospects o...
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