Sbi Q1 Earnings

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.

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.

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.

Tata Steel was the top loser from the Nifty-50 basket of stocks, the stok fell 3 per cent to Rs 253.

State Bank of India, the nation's top lender by assets, reported its first profit increase in six quarters on Friday on higher interest income, and said that bad loans were largely stable.

State Bank of India, India's largest lender by assets reported 3 per cent year-on-year (y-o-y) jump in its net profit at Rs 3,349 crore for the first quarter of FY15, breaking its trend of reporting fifth straight quarter of declining y-o-y profit.

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.

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.

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.

Tata Steel was the top loser from the Nifty-50 basket of stocks, the stok fell 3 per cent to Rs 253.

State Bank of India, the nation's top lender by assets, reported its first profit increase in six quarters on Friday on higher interest income, and said that bad loans were largely stable.

State Bank of India, India's largest lender by assets reported 3 per cent year-on-year (y-o-y) jump in its net profit at Rs 3,349 crore for the first quarter of FY15, breaking its trend of reporting fifth straight quarter of declining y-o-y profit.