SBI Reports Net profits of 3900 Crores for Q2; Asset Quality Stable

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India's largest lender and the top bank in the country, State Bank of India reported a net profit of Rs Rs 3100 crore for the quarter ending September 30, 2014.

During the quarter, the bank's its net interest income (NIIs) stood at Rs 13,274 crore. The profits marginally lagged estimates.

SBI Reports Net Profits of 3900 Crores for Q2; Asset Quality Stable
State Bank of India: Quotes, News
BSE 257.85BSE Quote2.8 (1.09%)
NSE 258.00NSE Quote2.6 (1.01%)
State Bank of India's asset quality, a key factor which is eagerly watched by analysts and industry experts was steady with Q2 gross non-performing assets at 4.89 percent versus 4.9 percent quarter-on-quarter (Q-o-Q).

The Net Non performing Asset was marginally higher at 2.73 percent versus 2.66 percent sequentially. The stock was up almost 2 per cent in trade on the National Stock Exchange.

Read more about: state bank of india, sbi
Story first published: Friday, November 14, 2014, 13:27 [IST]
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