SBI Jul-Sept net profit surges 28%, beats Street estimate
This story was originally published at 13:53 IST on 8 November 2024
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MUMBAI – State Bank of India on Friday reported a net profit of INR 183.31 billion for the September quarter, up nearly 28% from INR 143.30 billion a year ago. The net profit beat the Street's estimate of INR 163.77 billion. Total income for
Jul-Sept was INR 1.291 trillion, up 15% from INR 1.122 trillion a year ago.
* SBI Jul-Sept net profit INR 183.31 bln vs INR 143.30 bln
* Analysts saw SBI Jul-Sept net profit INR 163.77 bln
* SBI Jul-Sept total income INR 1.291 tln vs INR 1.122 tln year ago
* SBI gross NPA ratio 2.13% as on Sept 30 vs 2.21% qtr ago
* SBI net NPA ratio 0.53% as on Sept 30 vs 0.57% qtr ago
* SBI: Board OKs raising up to INR 200 bln via long-term bonds
* SBI provision coverage ratio 75.66% as on Sept 30
* SBI Jul-Sept provisions INR 45.06 bln vs INR 1.15 bln year ago
* SBI Basel III capital adequacy ratio 13.76% as on Sept 30
* SBI Jul-Sept NPA provisions INR 36.31 bln vs INR 18.15 bln year ago
* SBI Apr-Sept net profit INR 353.67 bln vs INR 312.14 bln year ago
* SBI Apr-Sept total income INR 2.518 tln vs INR 2.202 tln year ago
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