 "State Bank of India")
The nation's biggest lender State Bank of India fell as much as 5.9% to Rs 279 after provisions for bad loans soared.
The public- sector lender posted a 20% fall in first-quarter profit on a standalone basis. Net profit, not including contributions from subsidiaries, fell to Rs 2,006 crore in the quarter ended June 30, from Rs 2,521 crore a year earlier.
Gross NPA increased to Rs 1.88 lakh crore from Rs 1.12 lakh crore and net NPA jumped to Rs 1.07 lakh crore from Rs 58,277 crore on sequential basis.
Gross bad loans as a percentage
The public- sector lender posted a 20% fall in first-quarter profit on a standalone basis. Net profit, not including contributions from subsidiaries, fell to Rs 2,006 crore in the quarter ended June 30, from Rs 2,521 crore a year earlier.
Gross NPA increased to Rs 1.88 lakh crore from Rs 1.12 lakh crore and net NPA jumped to Rs 1.07 lakh crore from Rs 58,277 crore on sequential basis.
Gross bad loans as a percentage
