Profit

State Bank Of India (SBI) Q2 Profit Misses Estimates

SBI's gross bad loans as a percentage of total loans stood at 9.83 per cent at end-September compared with 9.97 per cent at end-June.

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State Bank Of India (SBI) Q2 Profit Misses Estimates
State Bank of India, the country's biggest lender by assets, reported a second-quarter net profit of Rs 1,582 crore, missing estimates, on higher provisions for bad loans.

Analysts on average had expected a net profit of Rs 2,696 crore, according to Thomson Reuters data.

Gross bad loans as a percentage of total loans stood at 9.83 per cent at end-September compared with 9.97 per cent at end-June.
 
© Thomson Reuters 2017


(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)


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