SME Times is powered by   
Search News
Just in:   • Govt, RBI discussing on allowing co-op banks to lend under ECLGS  • Confidence of Indian workforce steadily rising: LinkedIn survey  • CAIT seeks barring Huawei, ZTE from India's 5G plans  • 'Customers looking for alternates amid rising petrol, diesel prices'  • India saw record notebook sales in Q2, HP led overall PC market: IDC 
Last updated: 31 Jul, 2020  

SBI.9.THmb.jpg SBI's Q1FY21 net profit up 81%

   Top Stories
» Govt, RBI discussing on allowing co-op banks to lend under ECLGS
» 'India wants reciprocal trade with the world'
» FM launches online dashboard for the National Infrastructure Pipeline
» Goyal calls upon more traders to join GeM
» 'Incentivising domestic manufacturing of API positive step'
SME Times News Bureau | 31 Jul, 2020
The country's biggest lender State Bank of India (SBI) on Friday reported a rise of 81 per cent in its standalone net profit on the back of Q1FY21.

Accordingly, the bank's net profit rose to Rs 4,189 crore from Rs 2,312 crore reported for the like period of the previous year.

"'Operating Profit' increased to Rs 18,061 crore in Q1FY21 from Rs 13,246 crore in Q1FY20, an increase of 36.35 per cent YoY," the bank said in a statement.

"Net Interest Income of the bank grew by 16.14 per cent YoY during Q1FY21."

The bank's domestic Net Interest Margin (NIM) improved to 3.24 per cent in Q1FY21, registering an increase of 23 bps YoY.

The lender's Net NPA ratio stood at 1.86 per cent, down 121 bps YoY and 37 bps QoQ.

"Gross NPA ratio at 5.44 per cent is down 209 bps YoY and 71 bps QoQ," the statement said.

"'Provision Coverage Ratio' (PCR) has improved to 86.32 per cent, up 698 bps YoY and 270 bps QoQ."
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 11 Aug, 2020
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» Offshore wind will 'surge' to over 234 GW by 2030; India lags behind(1)
» Aluminium sector for MEIS scheme as exports at stake(1)
» Importance of technology in Indian agriculture(1)
» One time loan restructuring(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter