Comments
State Bank of India on Saturday reported a 9.13 per cent growth in consolidated net profit for the September quarter to ₹16,099.58 crore.
The state-run lender had reported a consolidated net profit of ₹14,752 crore in the year-ago period and ₹18,356 crore in the June quarter. On a standalone basis, it posted a net profit of ₹14,330.02 crore as against ₹13,264.52 crore in the year-ago period.
The bank, which controls over a fifth of the overall market and has the widest network in the country, reported a total income of over ₹1.12 lakh crore for the quarter under review, up from ₹88,733 crore in the year-ago period.
From an asset quality perspective, its gross non-performing assets ratio was at 2.55 per cent as of September 30, an improvement from 3.52 per cent in the year-ago period and 2.76 per cent in the first quarter of the current fiscal.
Its overall capital adequacy stood at 14.28 per cent as of September 30.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.