For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

SBI Q1 2014 net profits at Rs 3241 crores; stock slumps

|
SBI Q1 2014 net profits at Rs 3241 crores; stock slumps
State Bank of India: Quotes, News
BSE 345.05BSE Quote6.2 (1.80%)
NSE 345.15NSE Quote6.3 (1.83%)
India's largest bank, State Bank of India (SBI) has reported a net profit of Rs. 3241.08 crores for the quarter ended June 30, 2013 as compared to Rs 3751.5 crores for the quarter ended June 30, 2012.
 

Total Income has increased from Rs 32415.49 crores for the quarter ended June 30, 2012 to Rs. 36,192.62 crores for the quarter ended June 30, 2013.

Markets were disappointed with the numbers and the stock slumped 3 per cent in trade today.

The bank's asset quality continued to deteriorate with the net NPA rising to 2.83 per cent, as against 2.10 per cent, quarter-on-quarter.

The gross NPA's at the bank reached a frightening level of 5.56 per cent, as against 4.75 per cent quarter on quarter.

The shares of State Bank of India were last traded at Rs 1612 on the National Stock Exchange, after touching a 52-week low of Rs 1575.

GoodReturns.in

Read more about: sbi q12014
Story first published: Monday, August 12, 2013, 13:05 [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