SBI Q1 results may surprise investors. BNP Paribas analyst Santanu Chakrabarti explains why

As of now, some succor is available on margins from a pick-up in sentiments and therefore disbursement velocity in the relatively high-yield NBFC adjacent risk-on loan segments like CV/CE, micro-SME, rural, etc. These are inherently higher-yield segments and should provide incremental support to loan yields, in our view.

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