Click it and Unblock the Notifications
State Bank of India (SBI's) reported a superb set of numbers for the quarter ending March 31, 2015 (Q4 2015) with net profits jumping and non performing assets showing sharp improvement.
The net profits of the bank jumped sharply to Rs 3742 crores for Q4, 2015 as against Rs 2910 crores reported for the quarter ending Dec 31, 2014. This was way ahead of analysts estimates.
SBI Q4 Net Interest Income was placed at Rs 14,712 crore, which also beat most estimates.
What cheered analysts and the stock market was the fall in the gross non performing asset to 4.25 per cent as against 4.90 per cent in the previous quarter.
The net non performing assets also fell sharply to 2.12 per cent as against 2.80 per cent in the previous quarter. The capital adequacy as per Basel III was a healthy 12 per cent.
The stock of State Bank of India spurted following the good set of numbers. It was up 5% at Rs 305 on the National Stock Exchange, following the Q4 numbers.
GoodReturns.in
More From GoodReturns
ATM Rules Changing From April 1, 2026: HDFC Bank, PNB, Bandhan Bank & Others Revise Cash Withdrawal Rules
Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook
Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold
1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call
Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel
Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24
Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?
Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook
Gold Rate Crashes Over Rs 1 Lakh in Single Day, Slips to Lowest Since January; Will Gold Price Today Decline?
Gold Price Crash May Fuel Jewellery Demand: Why Kalyan Jewellers Share Price Could Shine Despite 5% Dip
Gold & Silver Rates Today Live: Precious Metals Extend Rally, MCX Gold Up 4%, Silver Near Rs 2.36 Lakh
Sign in with Google