The country’s largest lender SBI on Friday reported over four-fold jump in standalone net profit at ₹3,580.81 crore for March quarter 2019-20.

State Bank of India (SBI) had registered a profit of ₹838.4 crore during January-March period of 2018-19, the lender said in a regulatory filing.

Income of the bank during March quarter of the last financial year rose to ₹76,027.51 crore from ₹ 75,670.5 crore in the same period of 2018-19, SBI said.

On the asset front, gross non performing assets (NPAs) of the bank improved at 6.15% of gross advances as on March 31, 2020 as against 7.53% by the same period of 2019.

Net NPA or bad loans stood at 2.23% as on March 31, 2020 as compared to 3.01% by the year-ago same period.

SBI stock was trading at ₹178.70 on the BSE, up 2.67% from the previous close.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Not convinced? Know why you should pay for news.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link


Please enter your comment!
Please enter your name here