{"id":46483,"date":"2018-11-06T10:54:39","date_gmt":"2018-11-06T10:54:39","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=46483"},"modified":"2018-11-06T10:54:39","modified_gmt":"2018-11-06T10:54:39","slug":"sbi-net-profit-slips-69-to-rs-576-crore-in-second-quarter","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/sbi-net-profit-slips-69-to-rs-576-crore-in-second-quarter\/","title":{"rendered":"SBI net profit slips 69% to Rs 576 crore in second quarter"},"content":{"rendered":"<p>The country\u2019s largest lender SBI Monday reported 69 per cent decline in consolidated net profit to Rs 576.46 crore in the second quarter ended September 30.<\/p>\n<p>The bank\u2019s net profit was Rs 1,840.43 crore in the July-September quarter of previous fiscal.<\/p>\n<p>The bank had reported a net loss of Rs 4,875.85 crore in the first quarter of the current fiscal due to higher provisioning for bad loans.<\/p>\n<p>Its total income rose to Rs 79,302.72 crore in the quarter under review, compared to Rs 74,948.51 crore in the year-ago period, State Bank of India said in a regulatory filing.<\/p>\n<p>On asset quality, the gross non-performing assets of the bank rose to 9.95 per cent of the gross advances as on September 30, 2018 from 9.83 per cent a year ago.<\/p>\n<p>Net NPAs or bad loans stood at 4.84 per cent of the net advances, down from 4.53 per cent.<\/p>\n<p>The provisions for bad loans came down to Rs 10,381.31 crore during the quarter, from Rs 16,842.18 crore in the same period a year ago.<\/p>\n<p>On standalone basis, the bank\u2019s net profit was down at Rs 944.87 crore as against Rs 1,581.55 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country\u2019s largest lender SBI Monday reported 69 per cent decline in consolidated net profit to Rs 576.46 crore in the second quarter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-46483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/46483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=46483"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/46483\/revisions"}],"predecessor-version":[{"id":46485,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/46483\/revisions\/46485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/46484"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=46483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=46483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=46483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}