Sbi Q1

State Bank of India (SBI) posted a four-fold jump in slippages, or new bad loans, for the first quarter ended June as its home loan and small business segments struggled.

Corporate earnings indicate more than 25 per cent decline in revenues and more than 55 per cent decline in profits.

SBI expects gross slippage ratio, which stood at 2.83 per cent by June end, to come below 2 per cent before the end of the year.

SBI results: For the quarter ended March 31, the bank had reported a net profit of Rs 838.40 crore.

SBI's gross bad loans as a percentage of total loans slipped to 10.69 per cent from 10.91 per cent in the previous quarter.

Gross bad loans as a percentage of total loans stood at 10.69 per cent from 10.91 per cent in the previous quarter and 9.97 per cent last year.

Shares price of InterGlobe Aviation, a day after declaring its Q1 results. At 12:25 pm, fell 9 per cent and the shares were trading at Rs 922.60.

SBI said the results for this quarter are not comparable on account of merger of its subsidiaries with itself with effect from April 1, 2017.

Among the Nifty50 stocks, SBI was the top loser, down 6 per cent after its bad debts ballooned in the June quarter.

The state-run State Bank of India is the nation's biggest lender by assets.

Tata Steel, Tata Motors, SBI, Aurobindo Pharma, NHPC, NMDC, BHEL and GAIL are all lined up for earnings announcements.

State Bank of India on Friday beat profit estimates in the June quarter, while reporting stable asset quality, leading to 9 per cent jump in its shares.

SBI associate State Bank of Mysore slipped into losses at Rs 471.88 crore in the first quarter on mounting bad loans, resulting into over sevenfold jump in provisions.

SBI associate State Bank of Bikaner and Jaipur has reported net loss of Rs 221.56 crore for the first quarter ended June 30, as provisions for bad loans soared.

State Bank of India beat Street estimates by reporting a net profit of Rs 3,692 crore in the June quarter. A Reuters poll of 20 analysts expected Indias biggest lender to report a net profit of Rs 3,411 crore.

State Bank of India (SBI) posted a four-fold jump in slippages, or new bad loans, for the first quarter ended June as its home loan and small business segments struggled.

Corporate earnings indicate more than 25 per cent decline in revenues and more than 55 per cent decline in profits.

SBI expects gross slippage ratio, which stood at 2.83 per cent by June end, to come below 2 per cent before the end of the year.

SBI results: For the quarter ended March 31, the bank had reported a net profit of Rs 838.40 crore.

SBI's gross bad loans as a percentage of total loans slipped to 10.69 per cent from 10.91 per cent in the previous quarter.

Gross bad loans as a percentage of total loans stood at 10.69 per cent from 10.91 per cent in the previous quarter and 9.97 per cent last year.

Shares price of InterGlobe Aviation, a day after declaring its Q1 results. At 12:25 pm, fell 9 per cent and the shares were trading at Rs 922.60.

SBI said the results for this quarter are not comparable on account of merger of its subsidiaries with itself with effect from April 1, 2017.

Among the Nifty50 stocks, SBI was the top loser, down 6 per cent after its bad debts ballooned in the June quarter.

The state-run State Bank of India is the nation's biggest lender by assets.

Tata Steel, Tata Motors, SBI, Aurobindo Pharma, NHPC, NMDC, BHEL and GAIL are all lined up for earnings announcements.

State Bank of India on Friday beat profit estimates in the June quarter, while reporting stable asset quality, leading to 9 per cent jump in its shares.

SBI associate State Bank of Mysore slipped into losses at Rs 471.88 crore in the first quarter on mounting bad loans, resulting into over sevenfold jump in provisions.

SBI associate State Bank of Bikaner and Jaipur has reported net loss of Rs 221.56 crore for the first quarter ended June 30, as provisions for bad loans soared.

State Bank of India beat Street estimates by reporting a net profit of Rs 3,692 crore in the June quarter. A Reuters poll of 20 analysts expected Indias biggest lender to report a net profit of Rs 3,411 crore.