The country's largest lender State Bank of India (SBI) reported a disappointing third quarter December 2017 (Q3FY18), by posting a net loss of Rs 2416.37 crore against net profit of Rs 2,610 crore in the same period previous year. 

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SBI had posted a net profit of Rs 1,581.55 crore in Q2FY18 and Rs 2610 crore in Q3FY17. 

Net Interest Income (NII) stood at Rs 18,687.52 crore this quarter, witnessing a growth of 26.68% from Rs 14,751.59 crore in Q3FY17. 

Provisions for non-performing assets (NPA) came in at Rs 17,759.72 crore, which was up 145.15% from Rs 7,244.55 crore in Q3FY17 and increased by 6.24% from Rs 16,715.20 crore in Q2FY18. 

 Provision coverage ratio stood at 65.92% as of December 2017. 

 Gross NPAs stood at Rs 199,141.34 crore in Q3FY18 against gross NPAs of Rs 108,172.32 crore in Q3FY17 and Rs 186,114.6 crore in Q2FY18. In percentage terms, gross NPA was at 10.35% in Q3FY18 against 7.23% in Q3FY17 and 9.83% in Q2FY18. 

 SBI in Q3FY18 stated that it posted divergence of Rs 23,239.13 crore in NPAs as of March 2017 - and made provision of Rs 5,720.66 crore for them. 

 In it's financial audit, SBI mentioned that the bank had reported NPA of Rs 112,342.99 crore as of March 2017, as against NPA of Rs 135,582.12 crore as assessed by RBI. 

 The bank also posted divergence in net NPA as of March 2017. SBI by end of FY17 reported net NPA of Rs 58,277.38 crore versus net NPA of Rs 75,795.85 crore as assessed by RBI - thus a divergence of Rs 17,518.47 crore.