SBI Sept’20 Quarter Results

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SBI declared its Sept’20 quarter results,in this Sept’20 SBI reported 51.9% YoY rise in Net profit at Rs.4,574 Cr. SBI had the Net profit of Rs.3011 Cr. for the same quarter in 2019.

SBI perform strong in this Sept’20 quarter from the projected figure at Rs.4400 Cr. in such pandemic situation.

The total income of SBI for Sept’20 is Rs. 75,341.8 Cr. which is 3.42% from the year ago in the same quarter of Rs. 72,850 Cr. The NII for the quarter rose by 14.56% to Rs.28.181 Cr. from the YoY quarter. The earned interest to tune of Rs.66,814 Cr. compared with Rs. 64,312 Cr. an year ago.

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The NPA of the SBI for Sept’20 quarter stood at 1.59%  against 1.86% from the last June quarter and 2.79% from the YoY quarter. The gross NPA stood at 5.28% against 5.44% from June quarter and 7.19% from YoY quarter.

Result effects the share value, drops 0.79% to Rs. 203 on the NSE bench.

 

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