SBI’s provisioning for bad loans fell sharply in September quarter to ₹ 5,619.28 crore from ₹ 9,420 crore within the previous quarter.
The bank’s net interest income – or the difference between interest earned and interest paid – grew 14.55 per cent to ₹ 28,181.50 crore within the quarter ended September 30, from ₹ 24,600.32 crore within the year-ago period.
On an annual basis, provisions for bad loans decreased 49 per cent.
The bank’s asset quality showed a small improvement within the second quarter of current fiscal year . Its gross non-performing assets as a percentage of total advances decreased to five .28 per cent, from 5.44 per cent within the June quarter.
Total gross NPAs stood at ₹ 1,25,863 crore within the three months to September 30, as against ₹ 1,29,661 crore within the previous quarter.
At 2:36 pm, depository financial institution of India shares traded 0.42 per cent lower at ₹ 203.90 on the BSE, underperforming the benchmark S&P BSE Sensex index, which was up nearly 1 per cent.
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