SBI's swings to profit in Q4, bad loans fall
Updated : May 10, 2019 03:31 PM IST
State Bank of India's (SBI) net profit for the fourth quarter ended March 31, 2019 stood at Rs 838.4 crore as against a CNBC-TV18 poll of Rs 4,506.5 crore.
Net interest income (NII) for the quarter rose 15 percent to Rs 22,954 crore from Rs 19,974 crore in the same period of the previous financial year.
Gross non-performing asset (NPA) as a percentage of total advances declined to 7.53 percent at the end of March quarter, from 8.71 percent in the previous quarter.