Friday, 12 August 2016

State Bank of India Q1 net profit at Rs.2,520 crore; Net NPA at 4.05%

State Bank of India has announced the following results for the quarter ended June 30, 2016

The Unaudited Standalone results for the Quarter ended June 30, 2016

The Bank has posted a net profit of Rs. 25209.60 million for the quarter ended June 30, 2016 as compared to Rs. 36924.30 million for the quarter ended June 30, 2015. Total Income has increased from Rs. 447308.70 million for the quarter ended June 30, 2015 to Rs. 489286.00 million for the quarter ended June 30, 2016.

The Consolidated Results are as follows:

The Unaudited Consolidated results for the Quarter ended June 30, 2016

The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 10460.00 million for the quarter ended June 30, 2016 as compared to Rs. 47135.70 million for the quarter ended June 30, 2015. Total Income has increased from Rs. 631645.00 million for the quarter ended June 30, 2015 to Rs. 694148.20 million for the quarter ended June 30, 2016.

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