Source - http://www.moneycontrol.com/news/results/sbi-q4-pat-beats-street-asset-quality-improves_706139.html
This is last quarter's results.
India's largest lender State Bank of India (SBI) on Friday reported a forecast beating net profit of Rs 4,050 crore for the fourth quarter (Jan-March) of FY12 as against Rs 21 crore a year ago.
Net interest income (NII) or the difference between interest earned and paid out, jumped more than 45% y-o-y to Rs 11,704 crore. Other income rose 9% y-o-y to Rs 5264 crore.
During the quarter, provisions for non-performing assets fell 13% y-o-y to Rs 2,837 crore. The same fell by nearly 6% sequentially (Q4 vs Q3).
Net non-performing asset (NPA) ratio declined to 1.82% as against 2.22% in the October-December quarter while the gross NPA ratio fell from 4.61% to 4.44% during the same period.
SBI's standalone net profit climbed nearly 42% to Rs 11,707 crore for the year ended March 31, 2012. Its loan book expanded nearly 15% y-o-y to Rs 8.68 lakh crore. This was slighly below than the RBI's projection of 16% credit growth for the entire industry in FY12.
Capital adequacy ratio improved at 13.86% versus 11.98% year-on-year. Provision coverage ratio for the financial year 2011-12 stood at 68.10% versus 64.95% a year back.
Disclaimer - This is just a view and not a recommendationq to buy or sell. Please take your own call after you have studied the results today, once they are out.
This is last quarter's results.
India's largest lender State Bank of India (SBI) on Friday reported a forecast beating net profit of Rs 4,050 crore for the fourth quarter (Jan-March) of FY12 as against Rs 21 crore a year ago.
Net interest income (NII) or the difference between interest earned and paid out, jumped more than 45% y-o-y to Rs 11,704 crore. Other income rose 9% y-o-y to Rs 5264 crore.
During the quarter, provisions for non-performing assets fell 13% y-o-y to Rs 2,837 crore. The same fell by nearly 6% sequentially (Q4 vs Q3).
Net non-performing asset (NPA) ratio declined to 1.82% as against 2.22% in the October-December quarter while the gross NPA ratio fell from 4.61% to 4.44% during the same period.
SBI's standalone net profit climbed nearly 42% to Rs 11,707 crore for the year ended March 31, 2012. Its loan book expanded nearly 15% y-o-y to Rs 8.68 lakh crore. This was slighly below than the RBI's projection of 16% credit growth for the entire industry in FY12.
Capital adequacy ratio improved at 13.86% versus 11.98% year-on-year. Provision coverage ratio for the financial year 2011-12 stood at 68.10% versus 64.95% a year back.
Disclaimer - This is just a view and not a recommendationq to buy or sell. Please take your own call after you have studied the results today, once they are out.
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