Gross non-performing asset ratio of 2.76 per cent was down by 115 bps YoY. Net NPA ratio, at 0.71 per cent, was down 29 bps YoY. State Bank of India (SBI) on Friday reported a 178. 25 per cent rise in net profit to Rs 16,884 crore for the quarter-ended June 30, 2023 on… Continue reading Net profit up 178% to Rs 16,884 cr, NII rises 25%
Tag: NII
Profit more-than-doubles to Rs 16,884 cr, NII up 25% YoY
State Bank of India (SBI)’s standalone net profit more-than-doubled to Rs 16,884.29 crore in the June quarter (Q1) of financial year 2023-24 (FY24), driven primarily by higher net interest income (NII) and better loan growth. Its net profit was Rs 6,068.1 crore in the corresponding quarter of the previous fiscal (Q1FY23). … Continue reading Profit more-than-doubles to Rs 16,884 cr, NII up 25% YoY
LIC HFC Q1 net profit rises 43% YoY at Rs 1,323.6 crore; NII up 39%
LIC Housing Finance Ltd reported a 43 per cent year-on-year (Y-o-Y) increase in net profit, reaching Rs 1,323.66 crore for the first quarter ending June 2023 (Q1FY24). The company attributed this growth to a strong performance in net interest income (NII) and improved margins. LIC’s NII for the reported quarter escalated by 39… Continue reading LIC HFC Q1 net profit rises 43% YoY at Rs 1,323.6 crore; NII up 39%