SLOW SBI

SBI ,the leading bank of INDIA .the bank everybody looks up as an prime bank which sets the benchmark for other public and private sector banks to follow reported profits but not exceeding or satisfying expectations. It has reported flat profits and which have made many people raise eyebrows .the major cause of this situation is because of the increase in provisions of bad loans,it has double in this period.the SBI which provides 25% of loans in India.
Bank credit in India increased an annual 21.2 percent as of the October 22, according to central bank data, bouncing back from growth of 9.7 percent in October last year and compared with 16.7 percent at end-March. These cause of concerns would definitely be put aside because of various other facts such as higher factory outputs,big engineering orders, chunks of investment in infrastructure.
Still the profit books are been predicted to break new highs.

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