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.
The Bank reported standalone net profit at Rs 840 crore as against the loss of Rs 7,718 crore in the corresponding period last year.
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.
Total income increased by 10.57 percent to Rs 75,670.50 crore for the quarter ended March 2018-19.
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. Net NPA has improved to 3.01 percent from 3.95 percent QoQ basis.
Provision Coverage Ratio (PCR) has improved significantly by 1,256 bps to 78.73 percent from 66.17 percent as on March 2018. Slippage ratio is reported at 1.39 percent, down 561 bps YoY.
The public lender's AUM (Assets under management) has increased from Rs 14,284 crore on 31 March, 2018 to Rs 30,270 crore as on 31 March, 2019. Cost to income ratio improved to 55.70 percent from 50.18 percent last year.