Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
20 February, 2018 05:43 IST
SBI Q1 profit falls 20.4% to Rs 20.05 bn; Asset quality deteriorates
Source: IRIS | 11 Aug, 2017, 02.16PM
Comments  |  Post Comment

State Bank of India (SBI), the largest public sector lender, today reported a fall of 20.44% in standalone net profit to Rs 20.05 billion for the quarter ended June 30, 2017 as compared to Rs 25.20 billion in the same period last year.

The total income increased by 28.58% to Rs 629.11 billion for the quarter ended June 30, 2017 as compared to Rs 489.28 billion in the same period last year.

The bank (Q,N,C,F)* has made provision of Rs 89.29 billion, which was higher by 20.45% from prior year period to Rs 74.13 billion.

Shares of the bank declined Rs 13.4, or 4.52%, to trade at Rs 283.15. The total volume of shares traded was 3,207,756 at the BSE (2.07 p.m., Friday).

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Company Update
Glenmark Pharma presents findings from Phase 2a study of GBR 830 - 19-Feb-2018 10:10
L&T Construction secures order worth Rs 16.80 bn - 19-Feb-2018 09:52
BHEL commissions 18 MW hydro-electric project in Punjab - 16-Feb-2018 13:33
Reliance Communication update on asset monetization - 16-Feb-2018 12:06
8K Miles Software launches blockchain platform 8K Health Edge - 16-Feb-2018 10:16
Mahindra Group to invest Rs 1.76 bn in Zoomcar - 16-Feb-2018 10:06
Larsen & Toubro bags orders worth Rs 15.85 bn - 15-Feb-2018 13:11
Rajesh Exports wins export order worth Rs 8.73 bn - 15-Feb-2018 12:36
Torrent Power secures wind power projects worth 499.8 MW - 15-Feb-2018 10:09
Torrent Power signs agreement with Siemens Gamesa Renewable Power - 15-Feb-2018 10:08
Zee Learn inks pact to invest Rs 2 bn in MT Educare - 15-Feb-2018 10:01
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer