99 lakh canada goose outlet in uk crore at the end canada goose

718 crore as provisions more than double

canada goose outlet nyc The country’s largest bank State Bank of India on Tuesday canada goose outlet legit reported a second consecutive net loss of Rs7,718 crore for the March quarter, primarily due to a surge in provisions and canada goose outlet in canada bad loans. canada goose outlet nyc

goose outlet canada This was also the second highest quarterly loss figure reported by any bank following Punjab National Bank’s Rs 13,417 crore loss reported for the March quarter last week. goose outlet canada

canada goose factory outlet Provisions (and contingencies) surged to Rs28,096 crore during the reporting quarter, more than twice the amount canada goose outlet jackets reported in the corresponding quarter last year at Rs 11,740 crore and Rs 18,876 crore in canada goose uk the quarter ending December 2017. canada goose factory outlet

canada goose jacket canada goose outlet in montreal outlet The rise in provisions was canada goose outlet store montreal mainly because the bank had to provide more for bad loans (Rs 24,080 crore), the losses (Rs 6,000 crore) it incurred on trading and mark to market losses canada goose outlet boston due to a rise in bond canada goose jacket outlet store yields. canada goose jacket outlet

canada goose outlet parka Other factors that weighed canada goose jacket outlet uk on the lender’s bottom line werea revision in wages and an enhancement of the gratuity ceiling. canada goose outlet parka

canada goose outlet reviews “Our bank has consciously chosen not to avail the mark to market loss dispensation (to spread losses across four quarters) and taken it all at once as we see bond yields canada goose premium outlet rising further,”the bank’s Chairman Rajnish Kumarsaid at the post canada goose outlet london uk results press conference. canada goose outlet reviews

canada goose outlet new york city The Chairman said that canada goose outlet buffalo SBI canada goose victoria parka outlet has provided for 56 percent of its canada goose outlet houston exposure to the first 12 companies referred to the National Company Law Tribunal (NCLT) facing insolvency after referred by the Reserve Bank of India (RBI) last year, but said he does not expect the loss to exceed 50 52 percent of the total exposure. canada goose outlet canada goose outlet official new york city

canada goose outlet online He added that the bank’s provision coverage ratio was 5 canada goose outlet uk percent higher year on year at 66.17 percent, and is now among the best in the industry. This wasover 400 basis points higher than at the end of March last year (9.11 percent). canada goose outlet online

canada goose outlet canada Net NPAs as a percentage of the bank’s loan book came in at5.73 canada goose factory outlet toronto location percent, 12 basis points higher than at the end of the December quarter (5.61 percent), and over 200 basis points higher than at the end of March last year (5.19 percent). canada goose outlet canada

canada goose outlet sale In absolute terms, gross NPAs rose to Rs 2.23 lakh crore from Rs 1.99 lakh canada goose outlet in uk crore at the end canada goose outlet england of December. canada goose outlet sale

canada goose outlet Fresh slippages, which reflect new loans turning bad, canada goose outlet canada rose to Rs 33,670 crore compared to Rs 25,836 crore in the previous quarter. canada goose outlet

canada goose outlet in usa The bank’s watchlist (potential bad loans list) has increased to Rs 25,802 crore, canada https://www.jacketstock.com goose jacket uk from around Rs 10,340 crore earlier, as it now includes accounts that fall under the SMA 1 and 2 (special mentioned accounts) category, Kumar said. canada goose outlet in usa

canada goose outlet black friday For a loan to be categorised as SMA 1 and 2, the repayment of a loan has to canada goose outlet woodbury be overdue by 30 days and 60 days, respectively. canada goose outlet black friday

canada goose outlet store Lalitabh Shrivastawa, AVP Research, Sharekhan, “Notwithstanding the high slippages during the quarter (expected due to regulatory changes) which resulted in SBI posting a Loss, the outlook appears to be improving. The watch list, about 1.3 percent of total advances, canada goose parka uk now contains all corporate SMA 2 and stressed SMA 1. Going forward, we believe that the bulk of pain in terms of NPA recognition is behind for SBIHence, though FY19E canada goose outlet us credit cost may be elevated, they would be significantly lesser than FY18.” canada goose outlet store

canada goose outlet uk Interest income and Margins canada goose outlet uk

canada goose black friday sale SBI’s net interest income (NII), the difference between interest earned and interest paid,grew10.53 percent year on year to Rs19,974.28 crore. The Reuters canada goose outlet price poll had estimated NII to come in atRs 19,286 crore. canada canada goose outlet toronto address goose black friday sale

canada goose outlet toronto canada goose outlet factory The canada goose outlet website legit bank’s domestic net interest margin (NIM) declined 26 basis points year on year to 2.67 percent. However, it was marginally higher than the 2.61 percent reported for the December quarter. canada goose outlet toronto canada goose outlet near me factory

canada goose outlet jackets The lender’s non interest income improved 2.23 percent to Rs 12,222 crore, backed by a 13 percent rise in fee income. canada goose outlet jackets

canada goose outlet uk sale “Improvements in NIM will come definitely as we have now provided for everything,” Kumar said. canada goose outlet uk sale

official canada goose outlet Loan and Deposit growth official canada goose outlet

canada goose outlet online uk Total advances rose 4.9 percent driven byloans to services industry and retail loans. Auto loans rose 15 percent while home canada goose outlet edmonton loans grew 13 percent. Advances to canada goose womens outlet large, mid sized corporates and SMEs inched up by 1.8 percent. canada goose outlet online uk

canada goose outlet shop Deposits rose 4.68 percent. The ratio of low cost current account and savings account (CASA) deposits improved to 45.68 percent from 44.40 percent in March last year canada goose outlet shop.

Leave a Reply

Your email address will not be published. Required fields are marked *