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SBI’s net profit and gross NPA zoom

SBI's net profit and gross NPA zoom
Chennai, Feb 10 (IANS) The government-owned State Bank of India (SBI) on Friday said it closed the last quarter with a net profit of Rs 2,610 crore.

The bank's gross non-performing assets went up to Rs 108,172 crore as on December 2016 from Rs 72,792 crore as on December 2015.

In a regulatory filing with BSE, the bank said it has posted a net profit of Rs. 2,610 crore for the quarter ended December 31, 2016, as compared to Rs 1,115.34 crore for the quarter ended December 31, 2015.

 

SBI's total income has increased from Rs 46,731.01 crore for the quarter ended December 31, 2015 to Rs 53,587.51 crore for the quarter ended December 31, 2016.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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SBI's net profit and gross NPA zoom

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.