powerfulpicks opinion: Present prices of SBI are too high. The bank itself does not see CASA proportion in excess of 45% being sustainable. Even if the same remains high, the cost of deposits is slated to move higher with rise in interest rates and shift to the base rate system of lending. Attractive interest rates on term deposits could also shift funds to other banks. Such competition will lead to the bank's net interest margins (NIMs) (3.2% in 1QFY11) falling over the next few quarters. BOOK YOUR PROFITS IN SBI NOW.
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