160790 Investors following SBI. Share this News with them.
0
Like this story, share it with millions of investors on M3
SBI announces Q3 results; stock down
India's largest lender, State Bank of India's (SBI) has posted a better than expected third quarter (Oct-Dec) performance. Its net profit rose more than 15% (year-on-year) to Rs 3263 crore on higher interest income.
India's largest lender, State Bank of India 's (SBI) has posted a better than expected third quarter (Oct-Dec) performance. Its net profit rose more than 15% (year-on-year) to Rs 3263 crore on higher interest income.
Net Interest Income (NII) or the difference between interests earned and expended rose nearly 27% to Rs 11466 crore.
Net Interest Margin (NIM) also increased to 4.05% compared to 3.8% in July-September quarter.
However, Total provision is at around Rs 4000 crore, in Q3 as against Rs 3936 crore a year back. Provision against loan losses zoomed 84% YoY to Rs 3006 crore.
It touched an intraday high of Rs 2,181 and an intraday low of Rs 2,097. At 15:24 hrs the share was quoting at Rs 2,126.50, down Rs 46, or 2.12%.
It was trading with volumes of 1,260,619 shares. In the previous trading session, the share closed down 0.43% or Rs 9.45 at Rs 2,172.50.
