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
05 July, 2015 18:22 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.
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Shoppers Stop ties up with SAP hybris - 03-Jul-2015 16:48
Jindal Steel production climbs 38% in Apr-Jun'15 - 03-Jul-2015 16:09
SBI launches 'Project TATkal' to deliver home loan within 10 days - 03-Jul-2015 15:08
TVS Motor launches special edition 'TVS XL Super' - 03-Jul-2015 13:25
BHEL successfully achieves renovation, modernisation and uprating of 110 MW Unit - 03-Jul-2015 12:38
Persistent Systems acquires 100% stock of RGEN Solutions - 03-Jul-2015 12:05
L&T builds India's first 700mwe PHWR Nuclear Steam Generator - 03-Jul-2015 11:02
MCX inks MoU with Christ University - 03-Jul-2015 10:58
Infosys invests in Ireland following strategic partnership with AIB - 03-Jul-2015 10:55
ABB board approves to raise Rs 6 bn via NCDs - 03-Jul-2015 09:47
Spice Mobility arm acquires 26% stake in Creative Functionapps - 03-Jul-2015 09:12
more...
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