Sensex sinks 250 pts; SBI falls 4% as Q1 NPA worsens further

SBI

State Bank of India’s first quarter profit jumped three-fold to Rs 3,032 crore from Rs 1,046 crore on year-on-year basis.

Numbers were better than analysts’ expectations. Profit was estimated at Rs 2,485.3 crore for the quarter, according to average of estimates of analysts polled by CNBC-TV18.

SBI has reported NPA figures on standalone basis.

 Gross NPA increased to Rs 1.88 lakh crore from Rs 1.12 lakh crore and net NPA jumped to Rs 1.07 lakh crore from Rs 58,277 crore on sequential basis.

Gross NPAs rose to 9.97 percent from and net NPA jumped to 5.97 3.71

State Bank of India earnings included numbers of associate banks that merged from April 1, 2017.

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