INSUBCONTINENT EXCLUSIVE:
At 12:25 pm, the shares of the country's leading bank were virtually unchanged at Rs 204.95SBI shares were trading flat on the bourses ahead
of the Q2 earnings announcement scheduled during the day
At 12:25 pm, the shares of the country's leading bank were trading virtually unchanged at Rs 204.95, up 0.07 per cent, on the BSE
The shares have touched an intra-day high of Rs 206.45 and a low of Rs 202.40 thus far.The country's largest lender by assets - State Bank
Rs 2,312.20 crore in the same quarter last year
A gain of Rs 1,540 crore from selling a stake in unit SBI Life Insurance helped push SBI's net profit during the previous quarter.SBI's net
interest income or the difference between interest earned and interest expended rose 16 per cent to Rs 26,641.56 crore in the June quarter
as against Rs 22,938.79 crore during the same quarter last year.The bank's asset quality improved in June quarter as its gross
non-performing loans came in at Rs 1,29,660.69 crore as against Rs 1,49,091.85 crore in the previous quarter
As a percentage of total advances - Gross NPAs came in at 5.44 per cent versus 6.15 per cent in March quarter.The BSE Sensex was at
40,616.49, higher by 360 points or 0.8 per cent and the NSE Nifty was at 11,914.10, up 99.45 points or 0.83 per cent at the time.
