Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

SBI December quarter net dips 4.2%

PTI
Updated: February 4th, 2021, 19:40 IST
in Business
0
SBI

Photo courtesy: indiatvnews.com

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Mumbai: India’s largest lender, the State Bank of India reported Thursday a 4.20 per cent decline in consolidated December quarter net at Rs 6,257.55 crore. This happened largely because of a higher base in the year-ago period where Staye Bank of India (SBI) had benefitted from a Rs 4,500 crore one-off income.

On a standalone basis, the city-headquartered lender’s net profit came in at Rs 5,196.22 crore as against Rs 5,583.36 crore in the year-ago period and Rs 4,574.16 crore in the preceding September quarter.

Also Read

Technical issue forces Air India Boeing 777 to turn back to Mumbai

Technical issue forces Air India Boeing 777 to turn back to Mumbai

1 day ago
Jairam Ramesh Adani Takeover

While Modi conceals, Trump reveals: Congress after US Prez repeats Russian oil claims

1 day ago

SBI Chairman Dinesh Kumar Khara told reporters that the year-ago period had seen the resolution of the Essar Steel loans, resulting in an over Rs 4,000 crore interest income and Rs 500 crore other income benefit.

For the reporting quarter, SBI’s core net interest income grew 3.75 per cent to Rs 27,779 crore on the back of a 6.73 per cent credit growth and a 0.21 per cent contraction in the net interest margin to 3.12 per cent.

The bank, which controls over a fifth of the overall system, witnessed a healthy growth of over 15 per cent in retail advances. These loans now constitute 61 per cent of the overall book. Khara said core personal loans are at 39 per cent of the book and the bank sees its share growing to 45 per cent in a year.  He said the bank has preferences like salaried and new to credit customers while making its choices, and will continue to grow this book without compromising on risk.

SBI’s other income grew marginally for the quarter at Rs 9,246 crore as against Rs 9,106 crore in the year-ago period.

Khara said the overall slippages and restructuring number stands at Rs 41,216 crore as of the nine-months ended December and the bank is confident of meeting its guidance of containing this number at Rs 60,000 crore for FY21.

From a credit cost perspective, Khara said it set aside money as provisions for the proforma slippages at the same level as that for regular NPAs. SBI set aside Rs 2,071 crore for proforma slippages, Rs 814 crore for restructuring applications and added Rs 3,000 crore to take the general COVID-19 contingency to Rs 6,008 crore.

The reported gross NPA ratio was at 4.77 per cent as against 6.94 per cent last year, and would have still seen an improvement to 5.44 per cent if not for the apex court order.

Khara said the corporate accounts which have applied for restructuring stand at Rs 11,000 crore, spread across sectors.

 

Tags: BankDinesh Kumar KharainterestLoansNPASBI
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019

Archives

Editorial

Xi’s Purges

Brahma Chellaney
October 23, 2025

Brahma Chellaney During his 13 years in power, Xi Jinping has steadily tightened his grip on all levers of authority...

Read moreDetails

Behold Gen Z

GenZ
October 22, 2025

A new wave of political movements without any so-called ideological underpinning except for deafeningly noisy demands for basic citizens' needs...

Read moreDetails

Trumpian Dilemma

October 20, 2025

After showing admirable and decisive toughness in defusing the crisis in the Middle East, US President Donald Trump has been...

Read moreDetails

Empty Ambition

Rights & Restrictions: AAKAR PATEL
October 19, 2025

When was the last time you read or saw something about India and the G20? And what do you recall...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST