 "SBI")
State Bank of India on Monday reported a 40 per cent YoY decline in its net profit at Rs 9.44 billion for September quarter of FY19 against Rs 15.81 billion reported in the year-ago quarter.
It attributed the profit to domestic credit growth, decline in slippage ratio, credit cost declining by 68 bps YoY and overhead expenses falling by 3.19 per cent YoY.
The lender, in a press realease, said it was on track to meet slippage ratio and credit cost guidance for FY19E & FY20E.
It attributed the profit to domestic credit growth, decline in slippage ratio, credit cost declining by 68 bps YoY and overhead expenses falling by 3.19 per cent YoY.
The lender, in a press realease, said it was on track to meet slippage ratio and credit cost guidance for FY19E & FY20E.
Slippages during the period came in at Rs 109 billion against
