/ State Bank Of India Q4 FY17 Consolidated Net Profit Rises 122% Yoy ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 19 May 2017

SBI posted its quarterly results today. NII for the quarter increased by 17.3% in Q4FY17 at Rs.18071 crore This was due to strong growth of 7.9% in interest earned in Q4FY16.

In terms of asset quality GNPA’s for the quarter increased by 14% yoy to Rs.112342 crore vs Rs.98172 crore in Q4FY16. In percentage to total advances GNPA’s for the quarter edged up marginally to 6.9% in Q4FY17 vs 6.5% in Q4FY16. While NPA’s for the quarter improved to 3.71% in Q4FY17 vs 3.81% in Q4FY16.

Provisions for the quarter declined by 10% yoy to Rs.11740 crore in Q4FY17 vs Rs.13174 crore in previous year corresponding quarter. Provision coverage ratio stood at 65.95% in FY17

Decline in provisions led to substantial increase in net profit by 122% in Q4FY17 to Rs.2814 crore vs Rs.1263 crore in Q4FY16.

Further, The deposits for the year increased by 15% yoy to Rs.2599810 crore. While advances increased 1.4% only to Rs.1896886 crore.

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