SBI Q4 profit at Rs 838 cr way below Street estimates

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Public lender State Bank of India on Friday posted a profit of Rs 838.40 crore for March quarter against a loss of Rs 7,718.17 crore in the corresponding quarter last year. Analysts in an ET NOW poll had projected a profit of Rs 4,890 crore. Asset quality of the lender improved with percentage of gross non-performing assets (NPAs) easing to 7.73 per cent from 8.71 per cent on a sequential basis. Net NPA improved QoQ to 3.01 per cent from 3.95 per cent.




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    Disclaimer:
    The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.

    About The Channel:-
    If you love homestyle cocktails, reviews of Alcohol, Drink kn

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