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24 August, 2017 01:09 IST
SBI Q1 profit falls 20.4% to Rs 20.05 bn; Asset quality deteriorates
Source: IRIS | 11 Aug, 2017, 02.16PM
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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).

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