SBI Net Profits Fall, Asset Quality Improves

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    State Bank of India (SBI) has reported a standalone net profit of Rs 1,581 crores for the quarter ending Sept 30, 2017, as against Rs 2,005 crores reported in the previous quarter. The net interest income was placed at Rs 18,586 crore, which was more or less in line with most estimates.

    SBI Net Profits Fall, Asset Quality Improves

    Shares in the bank gained after the asset quality of the bank improved. The shares of the company, which dropped sharply after quarterly profits dipped, rallied soon after, as investors digested the fact that asset quality had improved and the worst as far as NPA norms are concerned maybe behind.

    The gross non performing asset of the bank improved to 9.83 from 9.97 in the previous quarter, while the net NPA improved to 5.43 per cent from 5.97 per cent.

    The shares of the bank were last seen trading at Rs 320, a gain of 2 per cent on the exchanges. Check SBI stock quote here

    Read more about: sbi profit
    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