SBI Q3 net profit up 14% at Rs 2828 cr

State Bank of India, SBI has announced its third quarter results. The company's Q3 net profit was up 14% at Rs 2828 crore versus Rs 2479.1 crore.

Its net interest income (NII) at Rs 9050 crore versus Rs 6316.3 crore.

Total provisions was up at Rs 2,051 crore versus Rs 857 crore, YoY.

Provisions for NPAs was up at Rs 1,632 crore versus Rs 515 crore, YoY.

Pension Liabilities was at Rs 140 crore

SBI 9-month pension liabilities was at Rs 1,540 crore.

Net NPAs was down at 1.61% versus 1.88%, YoY.

Provision Coverage Ratio at 64.07%.

Capital Adequacy Ratio At 13.16%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd