SBBJ shares down nearly 3 pc as Q3 net profit nosedives

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2017 | 6:13 PM IST
Shares of State Bank of Bikaner & Jaipur fell by nearly 3 per cent today after its net profit fell sharply by 72 per cent in the third quarter ended December 31.
The stock fell 2.91 per cent to end at Rs 676.45 on BSE. During the day, it went down by 4.32 per cent to Rs 666.60.
On NSE, it declined by 2.44 per cent to close at Rs 677.40.
SBI associate State Bank of Bikaner & Jaipur's net profit fell sharply by 72 per cent to Rs 57.84 crore in the quarter ended December 31, on mounting bad loans and fall in core income.
The bank's net profit in October-December quarter of previous fiscal stood at Rs 206.13 crore, State Bank of Bikaner & Jaipur (SBBJ) said in a BSE filing today.
"Total income of the bank rose marginally at Rs 2,645.82 crore during the quarter under review as against Rs 2,636.56 crore earned in the same period year ago," according to the filing.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 20 2017 | 6:13 PM IST

Next Story