SBI logs 4-fold jump in Q4 net profit at Rs 3,581 crore

Gallery

MORE...

Sports

Hockey India names Amir Ali-led 20-man team for Junior Asia Cup

Hockey India on Monday announced the 20-member squad for the Men's Junior Asia Cup, a qual

Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award

World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17

U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals

FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup

Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow

MORE...

SBI logs 4-fold jump in Q4 net profit at Rs 3,581 crore

Last Updated : 06 Jun 2020 12:43:23 AM IST

State Bank of India

State Bank of India (SBI) on Friday reported a four-fold jump in its net profit for the January-March quarter of financial year 2019-20 at Rs 3,581 crore.

The net profit for the quarter rose by 327 per cent from Rs 838 crore net profit reported during the corresponding quarter FY 2018-19.

The state-run lender reported a surge in profits largely on the back of a one-time gain of Rs 2,731 crore, from a stake sale in its credit card unit, SBI Cards.

Net NPA ratio of the bank was 2.23 per cent, down 78 bps YoY and 42 bps QoQ and the gross NPA ratio at 6.15 per cent was down 138bps YoY and 79 bps QoQ, the bank said in a regulatory filing.