Thursday, July 30, 2009

SBI Q1 net profit up 42% at Rs 2330 cr

SBI (State Bank of India) has announced its Q1FY10 numbers. Its net profit shot up 42% at Rs 2,330 crore as against Rs 1,640.8 crore.

The company's net interest income (NII) was up 4.32% at Rs 5,026 crore versus Rs 4,818 crore, YoY.
estimated net profit at Rs 2,020 crore and NII at Rs 4,984.8 crore.

Other income increased 49.29% to Rs 3,589 crore versus Rs 2,404 crore. Net NPA (non-performing asset) went up to 1.55% from 1.42% (YoY).

The company has made provisions of Rs 173 crore. NPA provisions stood at Rs 1,234 crore.

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