SBI posts marginally lower Q2FY17 numbers
DSIJ Intelligence / 11 Nov 2016
State Bank of India (SBI) has declared its Q2FY17 results on Thursday. The company’s consolidated interest earned has increased by 0.67 per cent to Rs 56288 crore in Q2FY17 as compared to previous quarter.
State Bank of India (SBI) has declared its Q2FY17 results on Thursday. The company’s consolidated interest earned has increased by 0.67 per cent to Rs 56288 crore in Q2FY17 as compared to previous quarter. Its operating profit also has risen by 1.88 per cent to Rs 14822 crore in Q2FY17 on a quarterly basis. SBI has posted net profit of Rs 20.7 crore in Q2FY17 against Rs 1046 crore in Q1FY17 on increase of provisions during the quarter. The bank’s provisions and contingencies expenses have soared by 35 per cent to Rs 15327 crore in Q2FY17 on a quarterly basis.
On the asset quality front, SBI’s stressed assets have worsened further in Q2FY17. The bank’s standalone gross npa stands at 7.14 per cent amounting to Rs 105783 crore in Q2FY17 against 6.94 per cent amounting to Rs 101541 crore in Q1FY17. Its net npa stands at 4.19 per cent to Rs 60014 crore in Q2FY17 while 4.05 per cent to Rs 57421 crore in Q1FY17.
The share price of SBI has declined by 3.87 per cent on bourses after declaration of results; and is trading at Rs 273.4 on an intraday basis.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.