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
28 November, 2014 09:34 IST
SBI plunges nearly 4% as bad loans surge
Source: IRIS | 09 Nov, 2012, 01.34PM
Comments  |  Post Comment

State Bank (Q,N,C,F)* of India (SBI), the largest banking and financial services company in India, plunged Friday on concern over bad loans after the announcement of second quarter results, which showed a surge of 40.3% in net NPAs. 

The bank reported a rise of 30.16% y-o-y in net profit to Rs 36.58 billion for the quarter ended Sept. 30, 2012.

Analysts on an average had expected net profit to come at Rs 34.44 billion. During the quarter, total income grew 12.21% to Rs 329.84 billion over same period last year.

The bank made provision of Rs 18.37 billion for September quarter which was 37.11% lower compared last year quarter.

Net NPAs was at Rs 226.15 billion, as compared to Rs 161.21 million as on corresponding quarter last year, representing an increase of 40.28%.

Meanwhile in percentage term, net NPA was at 2.44% as on the quarter ended Sept. 30, 2012, as compared to 2.04% in the year ago period.

Shares of the bank are trading at Rs 2,157.70, down Rs 85.85, or 3.83% at the Bombay Stock Exchange (BSE) on Friday at 1:24 p.m.

The scrip has touched an intra-day high of Rs 2,269 and low of Rs 2,151.00. The total volume of shares traded at the BSE is 970,619.

In the earlier session, the shares gained 1.32%, or Rs 29.2, at Rs 2,243.55. Currently, the stock is trading down 12.81% from its 52-week high of Rs 2,474.80 and above 36.91% over the 52-week low of Rs 1,576.



Share Price Movement
Period Price
in Rs
Gain/(Loss)
in Rs in %
1 Week 2,152.50 91.05 4.23
1 Month 2,227.20 16.35 0.73
3 Months 1,887.95 355.60 18.84
6 Months 1,852.20 391.35 21.13
1 Year 1,862.50 381.05 20.46
Note: Based on previous day closing price.

Related Articles
Essar Steel commissions 6 mtpa pellet complex in Odisha - 27-Nov-2014 18:08
Bank of Baroda plans to raise Rs 15 bn from bonds - 27-Nov-2014 15:14
MMV collaborates with Cipla and Strides - 27-Nov-2014 15:08
MMV collaborates with Cipla and Strides - 27-Nov-2014 15:08
Bharti's Nigeria tower sale is credit positive: Moody's - 27-Nov-2014 15:00
Surana Telecom receives letter of award for solar power project - 27-Nov-2014 14:38
Alstom T&D bags order worth Rs 560 mn - 27-Nov-2014 14:17
Religare retains Sell on Siemens citing high valuations - 27-Nov-2014 12:12
Subex allots shares following bond conversion - 27-Nov-2014 11:13
HDFC Bank allots shares under ESOS - 27-Nov-2014 10:50
8K Miles acquires SERJ solutions to enhance healthcare cloud offering - 27-Nov-2014 10:31
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
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