SBI’s net profit and gross NPA zoom

Chennai, (IANS) The government-owned State Bank of India (SBI) on Friday said it closed the last quarter with a net profit of Rs 2,610 crore.

The bank’s gross non-performing assets went up to Rs 108,172 crore as on December 2016 from Rs 72,792 crore as on December 2015.

In a regulatory filing with BSE, the bank said it has posted a net profit of Rs. 2,610 crore for the quarter ended December 31, 2016, as compared to Rs 1,115.34 crore for the quarter ended December 31, 2015.

SBI’s total income has increased from Rs 46,731.01 crore for the quarter ended December 31, 2015 to Rs 53,587.51 crore for the quarter ended December 31, 2016.

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