SBI Q3 drops by 34% for December quarter from 3396 Crore in corresponding year ago quarter to 2234 Crore Q3FY14.
NPA has been increased from 5.3% to 5.73%.
Net interest income increased 13.3 percent to Rs 12,640 crore from Rs 11,154 crore year-on-year.
Total expenses shot up 20 percent to Rs 31,442.3 crore while other income of the bank jumped 15.5 percent to Rs 4,190.30 crore compared to same quarter last year.
Domestic net interest margin improved sequentially to 3.51 percent versus 3.48 percent during the quarter
Bank deposits grew over to 16.7 % to RS 1349940 crore at the end of quarter while total domestic advances rose to 15.4% to RS 966028 crore.
Profit after tax reduced due to one time adjustment for Pension provisions.
Bank Home loan protfolio grew 19.4 % YoY to RS 135129 Crore while auto loans grew 21.2% to RS. 27698 Cr.
Bank CMB Bhattacharya Says that "Worst is not over at yet in state for bad loans "
NPA has been increased from 5.3% to 5.73%.
Net interest income increased 13.3 percent to Rs 12,640 crore from Rs 11,154 crore year-on-year.
Total expenses shot up 20 percent to Rs 31,442.3 crore while other income of the bank jumped 15.5 percent to Rs 4,190.30 crore compared to same quarter last year.
Domestic net interest margin improved sequentially to 3.51 percent versus 3.48 percent during the quarter
Bank deposits grew over to 16.7 % to RS 1349940 crore at the end of quarter while total domestic advances rose to 15.4% to RS 966028 crore.
Profit after tax reduced due to one time adjustment for Pension provisions.
Bank Home loan protfolio grew 19.4 % YoY to RS 135129 Crore while auto loans grew 21.2% to RS. 27698 Cr.
Bank CMB Bhattacharya Says that "Worst is not over at yet in state for bad loans "