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SBI Doubles Net Profits in Q4
May 25, 2017
- The net profits of SBI have increased more than two-fold to Rs. 2,815 crore in the March 2017 quarter
- The provisions have lowered by 11% to 11,740 on year-on-year basis
- SBI has also reported improved asset quality with its gross NPAs dropping by 33BPS
- The NPA ratio has declined by 53 bps on quarter-to-quarter basis
- The net interest income, which is the difference between the interest earned and the interest expended, has grown 17.34% to Rs 18,071 crore on a year-on-year basis
- SBI would be reporting consolidating results from April 1, which is after the merger
