SBI Q1 Results For 2015-16: 5 Must Know Things

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    State Bank of India on Tuesday announced the results for the quarter ended June 30, 2015. Results met market expectations, however, rise in NPA dragged the stock lower.

    SBI Q1 Results: 5 Must Know Things
    State Bank of India: Quotes, News
    BSE 283.70BSE Quote5.55 (1.96%)
    NSE 283.60NSE Quote5.55 (1.96%)

    Here are 5 highlights of the results.

    1. The bank reported a net profit of Rs 3692 crores for Q1 2015 ending June 30, 2015, as against a net profit of Rs 3349 crores reported in the corresponding period of last year.

    2. Net non performing assets rose to 2.24 per cent for the quarter as against 2.12 per cent reported in the previous quarter of last year.

    3. Gross non performing assets increased to 4.29 per cent from 4.25 per cent, signalling a further deterioration in asset quality.

    4. Net Interest Income was up 3.6 per cent to Rs 13,732 crore, against Rs 13,253 crore in the year-ago period.

    5. Shares of State Bank of India fell after the results and were seen trading at Rs 273, lower by 3.23 per cent on BSE at 12.58 pm IST.

    GoodReturns.in

    Read more about: sbi results npa
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    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