SBI Q3 results: Net profit declines 6.9% to Rs 5,196 cr
SBI's net interest income rose 3.8 YoY to Rs 28,820 crore. On a quarter-on-quarter (QoQ) basis, it rose 2.3 per cent from Rs 28,181 crore in September quarter.
- Feb 4, 2021,
- Updated Feb 4, 2021 4:32 PM IST
State Bank of India (SBI) on Thursday reported a 6.9 per cent year-on-year (YoY) decline in net profit for October-December quarter at Rs 5,196 crore. Sequentially, net profit rose 13.60 per cent from Rs 4,574 cr in preceding July-September quarter.
The bank's net interest income rose 3.8 per cent YoY to Rs 28,820 crore. On a quarter-on-quarter (QoQ) basis, it rose 2.3 per cent from Rs 28,181 crore in September quarter. Its net interest margin (NIM) contracted 21 basis points to 3.12 per cent, while domestic NIM contracted 25 basis points to 3.34 per cent.
Domestic current account and saving account (CASA) deposits rose 15.5 per cent to Rs 15.46 lakh crore, while CASA ratio expanded 43 basis points to 45.15 per cent.
State Bank of India (SBI) on Thursday reported a 6.9 per cent year-on-year (YoY) decline in net profit for October-December quarter at Rs 5,196 crore. Sequentially, net profit rose 13.60 per cent from Rs 4,574 cr in preceding July-September quarter.
The bank's net interest income rose 3.8 per cent YoY to Rs 28,820 crore. On a quarter-on-quarter (QoQ) basis, it rose 2.3 per cent from Rs 28,181 crore in September quarter. Its net interest margin (NIM) contracted 21 basis points to 3.12 per cent, while domestic NIM contracted 25 basis points to 3.34 per cent.
Domestic current account and saving account (CASA) deposits rose 15.5 per cent to Rs 15.46 lakh crore, while CASA ratio expanded 43 basis points to 45.15 per cent.