Monday, November 5, 2018

SBI returns to profit

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SBI has reported a net profit of Rs 945 crore for the September quarter against a net loss of Rs 4,876 crore during the previous quarter. The lender has reported net loss in June and March quarter too.

The bet profit during the corresponding quarter of last year stood at Rs 1582 Cr.  On a year-on-year basis, the bank has reported a fall of 40 percent.

NII is at Rs 20,906 crore. The bank had reported an NII of Rs 18,586 crore during the same period of last year.

The bank has reported improved asset quality as net NPA ratio fell to 4.84 percent against 5.29 percent during the previous quarter. The collective net NPA stood at Rs 94,810 crore against Rs 99,263.3 that was reported in June quarter.

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