SBI Q3 net up 15% at Rs 3,262 crore

Aided by higher interest income, State Bank of India (SBI), on Monday, reported 15 per cent year-on-year (YoY) growth in its net profit to Rs 3,262.04 crore for quarter ended December 31, 2011 as compared with Rs 2,828.06 crore for the same quarter in the last fiscal. 

The bank’s total income stood at Rs 29,787.37 crore for the quarter versus Rs 24,726.73 crore in Q3 FY’12. Net Interest Income (NII) or difference between interests earned and expended rose nearly 27 per cent to Rs 11,466 crore. Net Interest Margin also increased to 4.05 per cent compared to 3.8 per cent in July-September quarter.

The gross non-performing asset (NPA) ratio stood at 4.61 per cent as against 4.19 per cent in the previous quarter (Q2). The net NPA ratio 2.22 versus 2.04 per cent in Q2.

Chairman Pratip Chaudhuri pointed out that the bank’s loan book expanded more than 17 per cent (YoY) to Rs 8.69 lakh crore, while incremental credit growth (in between April and December) has been 13 per cent. Retail book grew by 12 per cent YoY, to Rs 1.75 lakh crore.

The bank added Rs 8161 crore worth of bad loans during the three months to end-December 2011. 

Deposit grew nearly 14 per cent YoY, to Rs 10.01 lakh crore.  Total provision are at round Rs 4000 crore, in Q3 as against Rs 3936 crore a year back. Provision against loan losses zoomed 84 per cent YoY to Rs 3006 crore. As per consolidated results, the group posted a net profit after minority interest of Rs 4,318.08 crore for the quarter ended December 31, 2011 where as the same was at Rs 3,710.48 crore for the quarter ended December 31, 2010, an increase of 16.37 per cent.

Total income was Rs 43,155.95 crore for the quarter ended December 31, 2011 against Rs 36,966.87 crore.

Narendra Modi or Rahul Gandhi? Who will win the battle royale of the Lok Sabha Elections 2019

Get real-time news updates, views and analysis on Lok Sabha Elections 2019 on 

Like us on Facebook or follow us on Twitter and Instagram with #DHPoliticalTheatre for live updates on the Indian general elections 2019.

Liked the story?

  • 0

  • 0

  • 0

  • 0

  • 0