Advertisement
trendingNowenglish2055950https://zeenews.india.com/companies/state-bank-of-india-q2-profit-misses-estimates-2055950.html

State Bank of India Q2 profit misses estimates

Analysts on average had expected a net profit of 26.96 billion rupees, according to Thomson Reuters data.

State Bank of India Q2 profit misses estimates

New Delhi: State Bank of India, the nation`s biggest lender by assets, reported a second-quarter net profit of 15.82 billion rupees ($243.3 million), missing estimates, on higher provisions for bad loans.

Analysts on average had expected a net profit of 26.96 billion rupees, according to Thomson Reuters data.

Gross bad loans as a percentage of total loans stood at 9.83 percent at end-September compared with 9.97 percent at end-June.

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK