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 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.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
You may also like:
|Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited||Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed|