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.
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Key earnings highlights:
ЁЯУН Net loss at Rs 7,718 crore versus profit of Rs 2,814.82 crore (YoY)
ЁЯУН Net interest income up 10.5 percent at Rs 19,974.28 crore versus 18,070.72 crore (YoY)
ЁЯУН Gross non-performing assets as a percentage of total advances at 10.91 percent versus 10.35 percent (QoQ)
ЁЯУН Net non-performing assets as a percentage of total advances at 5.73 percent versus 5.61 percent (QoQ)
ЁЯУН Provisions for non-performing assets up 36 percent at Rs 24,080 crore versus Rs 17,760 crore (QoQ)
ЁЯУН Provision coverage ratio improved by 464 basis points to 61.53 percent (YoY)
SBI in an investor presentation said:
ЁЯУН Domestic NIMs at 2.67 percent versus 2.61 percent (QoQ)
ЁЯУН Whole bank NIMs at 2.50 percent versus 2.45 percent (QoQ)
ЁЯУН Foreign NIMs at 1.14 percent versus 1.16 percent (QoQ)
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