SBI’s gross NPA figures have shown a decline for three consecutive quarters. Image: Arundhati Bhattacharya tackled crisis at SBI. Photograph, courtesy: SBI When Arundhati Bhattacharya took charge as chairman of State Bank of India (SBI) in October 2013, the country's largest lender had more than Rs 65,000 crore (Rs 650 billion) of non-performing assets (NPAs). The number, which was 5.64 per cent of its total advances, was bigger than the loan book of some private ... Rediff.com, 1 month ago
MUMBAI: State Bank of India reported a net profit to Rs 3,349 crore for the first quarter of FY16, a 10.3% increase over the corresponding period last year. Announcing the results, bank's chairman Arundhati Bhattacharya indicated that the worst was ...Times of India, 1 month ago Bad loan provisions decline, profit rises at SBI Livemint.com, 1 month ago Lower NPA provisions help SBI post 10% profit growth The Financial Chronicle, 1 month ago
Private banks' earnings in the first quarter (April-June) of 2015-16 were mainly in line with analysts' expectations. The lenders witnessed slight pressure in asset quality in the first quarter, however the rise in bad loans is not alarming, experts ...Smart Investor, 2 months ago
While the market expected a dismal performance from banks for the quarter ending June 30, the sector delivered better than expected results. Although asset quality problems persist, most banks improved their asset quality as well as profitability.Financial Chronicle, 2 months ago
The bank reported Rs 12,000 crore growth in its advances when most public sector banks are reporting a fall. Driven by lower slippages and robust growth in loans, largest private sector lender ICICI Bank on Friday reported a 12% growth in net ...DNA India, 2 months ago Higher loans lift HDFC Bank net 21% DNA, 2 months ago HDFC Bank's Q1 net up 21% The Financial Chronicle, 2 months ago
NEW DELHI: Shares of Bank of Baroda, ITC and Dr Reddy's were on a roll today after they reported their quarterly earnings. Here's the lowdown: Bank of Baroda Shares of Bank of Baroda rallied 10.61 per cent in intraday trade on Thursday after the lender ...Economic Times, 2 months ago
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