SBI's net profit increased three times to Rs 3012 crore: asset quality improved

(Commerce Rep) Mumbai Ta October 25, 2019, Friday

State Bank of India (SBI), the country's largest lender, has announced encouraging results for the second quarter ended September 1, 2005. The bank's net profit has increased three times to Rs 5 crore, compared to Rs 1.8 crore in the same period last year. While net interest income increased by 8.5% to Rs.

The bank's local net interest margin increased by 5 basis points to 1.8 percent in the first quarter. Bank loans increased by 5 percent and lending increased by 8 percent. The asset quality of the bank has also improved both quarterly and yearly. Total Non-Performing Assets (NPAs) decreased by 5 basis points to 8.2% of total credit. In that amount, it is worth Rs 1.8 lakh crore. The net NPA has dropped by 5 basis points to 5.7%, which is about Rs.

The bank's new sinking loan has dropped significantly to Rs 8 crore at the end of September, from Rs 5 crore in the June 3 quarter. Provisions and contingencies have declined by 8.9 percent year-on-year to Rs. The provision coverage coverage ratio was 8.2 percent compared to 5 percent. Other income of the bank, ie non-interest income, has increased by 8.5% to Rs. Pre-Provision's operating profit increased by 8.5% to Rs. The total expenditure has increased to Rs 5 crore from Rs 8 crore due to deferred tax assets adjustment.

Net loss of Tata Motors has dropped from Rs 1 crore to Rs 6 crore

Global automobile giant Tata Motors Limited has performed less poorly than expected on a consolidated basis in the second quarter ended September 1, 2015. The company's net loss fell to Rs 5 crore from Rs 5 crore in the corresponding period last year. Analysts had estimated a net loss of Rs 1 crore.

The consolidated revenue of the company has declined by 5% to Rs. This was Rs. Ebitda margin increased by 5 basis points to 8.5 percent.

According to Tata Motors, Jaguar Land Rover's quarterly performance has improved and delivered better performance, with the exception of China in particular. In addition, the company has said that in the auto industry, both commercial and passenger vehicles have witnessed a sharp decline. Sales of medium and heavy commercial vehicles have dropped sharply.