SBI Reports Loss Of Rs 7,718 Crore; Shares Rise On Stable Asset Quality

Gold Silver Reports (GSR) – SBI Reports Loss Of Rs 7,718 Crore; Shares Rise On Stable Asset Quality – Shares of the country’s largest public-sector lender rose as much as 6.32 percent, the most in over six months, to Rs 259.90 after it reported March quarter earnings.

Read More: SBI Q4 Results today: SBI Too Will Post Q4 Loss, But How Much?

Key earnings highlights:

📍 Net loss at Rs 7,718 crore versus profit of Rs 2,814.82 crore (YoY)

📍 Net interest income up 10.5 percent at Rs 19,974.28 crore versus 18,070.72 crore (YoY)

📍 Gross non-performing assets as a percentage of total advances at 10.91 percent versus 10.35 percent (QoQ)

📍 Net non-performing assets as a percentage of total advances at 5.73 percent versus 5.61 percent (QoQ)

📍 Provisions for non-performing assets up 36 percent at Rs 24,080 crore versus Rs 17,760 crore (QoQ)

📍 Provision coverage ratio improved by 464 basis points to 61.53 percent (YoY)

SBI in an investor presentation said:

📍 Domestic NIMs at 2.67 percent versus 2.61 percent (QoQ)

📍 Whole bank NIMs at 2.50 percent versus 2.45 percent (QoQ)

📍 Foreign NIMs at 1.14 percent versus 1.16 percent (QoQ)

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