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SBI Q4 net zooms 123%, NPA provisioning improves

NII rose 17.3% to Rs 18,071 crore in Q4, from the corresponding quarter of FY16

SBI, State Bank of India, state bank, bank

Led by healthy growth in net interest income (NII), State Bank of India (SBI) posted 122.7 per cent growth in net profit at Rs 2,815 crore for the quarter-ended March 31. In the same quarter (Q4) of 2015-16, it was Rs 1,264 crore. NII rose 17.3 per cent to Rs 18,071 crore in Q4, from the corresponding quarter of FY16. The stock closed 1.7 per cent higher at Rs 308 on the BSE on Friday.  Its net interest margin (domestic) declined to 3.11 per cent as of end-March, from 3.27 per cent at the end of FY16. During the quarter, the main focus of the country’s ...