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SBI has reported net rises of 23% to Rs 3742 crore in Q4

Nation’s top lender by assets, State Bank of India, on Friday reported a 23.1% rise in its Q4 profit.

The bank has reported a rise in its net profit at Rs 3742 crore from Rs 3040.7 crore in corresponding quarter of last year.

The net interest income (NII) during the quarter rose 14 percent to Rs 14,712 crore as compared to Rs 12,903 crore year-on-year.

The gross non performing assets (NPA) was at 4.25 percent versus 4.90 percent quarter-on-quarter whereas net NPA stood at 2.1 percent against 2.8 percent sequentially. In absolute terms, gross NPA was at Rs 56,725 crore against Rs 61,991 crore (Q-o-Q). Net NPA came in at Rs 27,590 crore versus Rs 34,468.7 crore (QoQ).

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