Bhattacharya did not specify a timeline for taking SBI Life public, but said SBI will approach the market when conditions are favourable
State Bank of India Chairperson Arundhati Bhattacharya sees the volume of non-performing loans easing in the coming days.
In an interview to CNBC-TV18, she said slippages—defaults on restructured loans—have already begun to reduce.
She said there were signs of a recovery in the economy.
Bhattacharya did not specify a timeline for taking SBI Life public, but said SBI will approach the market when conditions are favourable.
VIDEO AND INTERVIEW TRANSCRIPT TO FOLLOW
SBI stock price
On April 01, 2015, at 12:03 hrs State Bank of India was quoting at Rs 268.20, up Rs 1.20, or 0.45 percent. The 52-week high of the share was Rs 335.90 and the 52-week low was Rs 186.74.
The company’s trailing 12-month (TTM) EPS was at Rs 16.61 per share as per the quarter ended December 2014. The stock’s price-to-earnings (P/E) ratio was 16.15. The latest book value of the company is Rs 158.43 per share. At current value, the price-to-book value of the company is 1.69.