SBI reported its third quarterly results for FY20 with net profit jumping 41% to Rs. 5583 crore. The higher profit is primarily owed to improvement in asset quality.
Gross NPAs at the bank reduced to 6.94% as against 8.71% in the same quarter last year. In the previous quarter ended September, the sequential figure was placed at 7.19%.Percentage of net NPA stood at 2.65 per cent against 3.95 per cent on a yearly basis.
Also, the net interest income at the bank jumped by 7% to Rs. 27779 crore for the quarter ended December of FY 20.
After the results, the shares of SBI gain 2% to Rs. 315.75 per share.
GoodReturns.i
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
/img/2020/01/sbi--1538638099-1580459835.jpg "SBI Q3 Profit Jumps 41% YoY To Rs.5583 Crore; Stock Gains 2%")
Sign in with Google