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Earnings

SBI reports 41% jump in Q3 net profit, asset quality improves

Updated : January 31, 2020 04:09 PM IST

Asset quality of the lender improved as the gross non-performing assets (GNPA) fell 1.2 percent to Rs 1.59 lakh crore versus Rs 1.61 lakh crore, QoQ.
GNPA ratio in Q3FY20 fell by 25 bps to 6.94 percent from 7.19 percent in Q2FY20.
Gross slippages in December quarter stood at Rs 20,098 crore as against Rs 9,162 crore in September quarter.

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