India's leading lender State Bank of India (SBI) is expected to report a muted June quarter, with profit likely to fall from a year earlier as margin pressure and slower income growth weigh on earnings despite healthy loan growth. The country's largest lender is expected to report a 4% year-on-year (YoY) decline in profit after tax for Q1FY27, according to the average estimate of six brokerages.
The main worry for investors will be net interest margin. Analysts expect loan growth to remain strong, but the benefit may be partly offset by higher cost of funds and term deposit repricing.
