 "SBI net down 20%, NPAs worsen")
State Bank of India (SBI) gained nearly 4% to Rs 345 in intra-day trade, extending Friday’s 6% surge on the BSE, after the bank’s asset quality improved sequentially in September quarter (Q2FY18).
The gross non-performing assets (NPAs) declined to 9.83% in Q2FY18, as against 9.97% in Q1FY18. Net NPAs, too, fell to 5.43% of the net advances at the end of second quarter this fiscal, from 5.97% in the previous quarter. The bank’s slippage ratio accretion of fresh bad loans as a percentage of total loan book) declined to 1.85% in Q2, as against 5.38% in the June quarter.
The gross non-performing assets (NPAs) declined to 9.83% in Q2FY18, as against 9.97% in Q1FY18. Net NPAs, too, fell to 5.43% of the net advances at the end of second quarter this fiscal, from 5.97% in the previous quarter. The bank’s slippage ratio accretion of fresh bad loans as a percentage of total loan book) declined to 1.85% in Q2, as against 5.38% in the June quarter.
