http://www.thehindubusinessline.com
http://www.financialexpress.com
http://www.financialexpress.com
Despite a general slowdown in the economy, State Bank of India has posted a 137 per cent jump in net profit at Rs 3,751.56 crore in the April-June quarter against Rs 1,583.55 crore in the corresponding year-ago period.
In the reporting quarter, India’s biggest bank posted a 17 per cent increase in total income at Rs 32,415.49 crore (Rs 27,731.67 crore), according to a filing made by the bank with the BSE.
The bank's net non-performing assets (NPAs) rose to 2.22 per cent of total loan book at the end of June, against 1.61 per cent a year ago, reflecting the impact of slowing economy.
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