SBI’s First Quarter Profit Down 7 Per Cent To Rs 6,068 Crore State Bank Of India

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State Bank Of India: The country’s largest government bank SBI (SBI Result) has released its quarterly results. State Bank of India’s net profit in the first quarter of the current financial year on a standalone basis has declined by 7 per cent. After a decline of 7 per cent, the net profit has come down to Rs 6069 crore. The profit of the bank has also decreased due to decrease in income.

Last year’s profit
SBI said in the information given to the stock exchanges on Saturday that it had a net profit of Rs 6,504 crore in the April-June quarter of a year ago.

How much did you earn?
The country’s largest bank said that its standalone income declined to Rs 74,998.57 crore in the first quarter of FY 2022-23 from Rs 77,347.17 crore in the same quarter last year.

What was the NPA?
The gross non-performing assets (NPA) ratio of the bank improved to 3.91 per cent in the quarter under review from 5.32 per cent in the previous year. Similarly, net NPAs also declined to 1.02 per cent in June 2022 from 1.7 per cent in the June quarter of the previous year.

Slight decline in net profit
On a consolidated basis, SBI’s net profit declined marginally to Rs 7,325.11 crore. It was Rs 7,379.91 crore in April-June last year.

How much return did SBI share give?
Talking about the stock of SBI, the company’s stock has given a return of 13 percent to the investors in YTD time. At the same time, it has given a return of 22.20 percent in the last one year and has given a return of 90.02 percent to the investors in the last 5 years.

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