State bank of India Jan to March net profit down 7.8%

India biggest bank State Bank of India. State Bank of India bank reported quarter result in exchange. Jan to March quarter State bank of India net profit down 7.8%. State bank of India jan to march net profit Rs 3041 cr compare last year same period net profit Rs 3299 cr net down 7.8%.

last financial year compare State bank of India yearly basis Rs 12903 cr shot up 16.5%, Other income for this quarter company shot up 18.5% quarter other income Rs 6586.

State Bank of India asset improve Non Performing Asset down 78 basis point to 4.95%  and Net non performing asset down 67 basis point to 2.57% gone by quarter. State bank of India says domestic net interest was unchanged at 3.49%. The bank also announced Rs 30 per share dividend for this quarter.

Before result coming company quarter result expectation 14% down actual result 7.8% down, after result market rise state bank of india share rise from Rs 2540 to Rs 2777 after market closing share closing price Rs 2769.80 up 10.28%.


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About Saravana Iyyappan C

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