Net recovery from ArcelorMittal's acquisition of debt-ridden Essar Steel is more than Rs 12,000 crore.
Had provided for this asset fully, 100 percent, so this will go to the profit and loss account straightaway.
Hopeful of Ruchi Soya, Bhushan Steel getting resolved in FY20.
Expect the gross non-performing assets (NPA) to be down by 0.5-0.75 percent
Retail lending is doing very well but corporate is a bit muted. As of now the trend remains the same but have seen some activity post-September; a lot many sanctions have been done but much of it would be the availment which will happen.
Expect SBI Cards to hit the market in Q4 of FY20.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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