For Quick Alerts
For Daily Alerts

State Bank of India Reports Rs. 2312 Crore Profit On Lower Provisioning


For the quarter ending June, SBI reported Rs. 2312.20 profit in comparison to a loss Rs 4,875.85 crore during the same period a year ago. The profit has jumped due to lower provisioning at the bank which has fallen 11% year-on-year.

State Bank of India Reports Rs. 2312 Crore Profit On Lower Provisioning

The net interest income which is the difference between the interest earned and spended also jumped higher by 5.3% to Rs 22,938 crore. Excluding one-off items, NII was up 15.45%.

CAR improved at the bank to 12.89% from the earlier 12.83%. Net interest margin at the bank stood at 3.01%.

The lender made provisions worth Rs 11,648.45 crore, which was lower than the March quarter's Rs 17,335.84 crore and year-ago's Rs 13,037.90 crore.

Story first published: Friday, August 2, 2019, 14:41 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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