For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    SBI reports poor Q4 2013 numbers; slippages continue

    |
     SBI reports poor Q4 2013 numbers; slippages continue
    State Bank of India has reported a poor set of Q4 2013 numbers, wherein profit after tax has come in at Rs 3299 crores, as against Rs 3396 crores in the quarter ending 31st December 2012.
     

    Fresh slippages have been to the tune of Rs 5868 crores for Q4 2013. Gross non performing assets of the bank has come down marginally to 4.75 per cent as on March 31, 2013, as against 5.3 per cent for December 31, 2013. The net non performing assets have also declined for the period under review. Domestic net interest margin was placed at 3.66 per cent, while the overall NIM was at 3.34 per cent.

    The board of the bank has declared a Dividend of Rs. 41.50 per share. The stock of SBI plunged 6.73 per cent on the Bombay stock Exchange.

    GoodReturns.in

    Read more about: sbi
    Story first published: Thursday, May 23, 2013, 13:20 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more