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State Bank Of India Reports Q4 Net Profit Of Rs 838 Crore, Asset Quality Up

State Bank Of India Reports Q4 Net Profit Of Rs 838 Crore, Asset Quality Up

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  11 May 2019 10:25 AM GMT

Mumbai: Country's largest lender State Bank of India (SBI) on Friday reported a net profit of Rs 838 crore for Q4 of the last fiscal against a loss of Rs 7,718 crore year-on-year while seeing improvement in asset quality. State Bank of India's provisions was up on a quarterly basis.

According to a regulatory filing by the lender, it posted a net profit of Rs 838.40 crore for the quarter ended March 31, 2019. The bank's provisions for NPAs were at Rs 17,336 crore against Rs 13,971 reported in the corresponding quarter of the previous fiscal. Its share price was up 2.94 percent at Rs 308.05 apiece.

State Bank of India bank had reported a loss of Rs 7,718 crore in a year ago period. In Q3 (October-December), the lender had posted a net profit of Rs 3,954.81 crore. (IANS)

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