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SBI profit more than doubles to 3,751 cr
Mumbai, Aug. 11 -- The country's largest lender State Bank of India (SBI) Friday said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June 30, 2012, as compared to Rs.1,583.55 crore recorded in the corresponding period of last year. The bank's total income has increased to Rs.32,415.49 crore for April-June 2012 quarter as compared to Rs.27,731.67 crore recorded in the corresponding period of 2011.
SBI's non-performing assets (NPA) rose sharply to 4.99 percent as on June 30, 2012 raising concerns over the bank's asset quality. The bank's gross non-performing assets was at 3.52 percent at the end of the first quarter of 2011-12 financial year. At the end of the last financial year bank's non-performing assets was 4.44 percent....
SBI's non-performing assets (NPA) rose sharply to 4.99 percent as on June 30, 2012 raising concerns over the bank's asset quality. The bank's gross non-performing assets was at 3.52 percent at the end of the first quarter of 2011-12 financial year. At the end of the last financial year bank's non-performing assets was 4.44 percent....
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