19
Friday
July 2019
8:23 PM IST
News Headlines
India asks Pak to implement ICJ verdict on Jadhav immediately; Imran says shall proceed as per law        Trust vote; Karna assembly adjourned amid din; Guv directs CM to prove majority by Friday 1.30 pm        IT dept attaches assets of Mayawati''s brother, BSP blames BJP govt        33 dead in suspected arson attack on Japan animation studio        Former Pak PM Abbasi arrested over corruption case        Iran Guards say they have seized a ''foreign tanker''        Bayliss replaces Moody as Sunrisers head coach        Rule Change: Chairman of selectors not secy to convene selection committee meeting        Sindhu enters Indonesia Open quarters, Srikanth ousted        Karnataka crisis: Cong leaders speak in divergent voices on SC verdict        MLAS Karnataka crisis: SC says rebel MLAs not to be compelled to take part in Assembly proceedings        US House votes to condemn Prez Trump over his ''racist'' tweets against four non-white Congresswomen        JuD chief Hafiz Saeed arrested on terror financing charges        Israel inks USD 50 mn deal with India to supply complementary Naval MRSAM systems        ICJ orders Pakistan to review Kulbhushan Jadhav''s death sentence; PM hails verdict        Inzamam-ul-Haq will end his term as the chief selector Pakistan's men side        Anish wins 25m rapid fire pistol gold, silver for Esha at Junior World Cup        Dev-led panel frontrunner to pick coach, but no decision before SC hearing        HC pulls up Kerala govt over Munnar encroachments        189 new rail lines under construction: govt        
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Business News
SBI reports net profit of Rs 838 cr in Mar 2019 quarter; trims bad loan ratio
 
New Delhi: Country's largest lender SBI Friday said it has reported net profit of Rs 838.40 crore in fourth quarter of 2018-19 fiscal on a standalone basis as non-performing assets (NPAs) came down.



The state-owned lender had witnessed a net loss of Rs 7,718.17 crore during the corresponding January-March quarter of 2017-18.

Income (standalone) during the March quarter of 2018-19 rose by nearly 11 per cent to Rs 75,670.50 crore as against Rs 68,436.06 crore in the same period of the preceding fiscal, the bank said in a regulatory filing.

For the full year 2018-19, bank reported a consolidated net profit of Rs 3,069.07 crore. While there was a loss of Rs 4,187.41 crore in the entire 2017-18.

Income (consolidated) grew to Rs 3.30 lakh crore for the fiscal year compared to Rs 3.01 lakh crore in 2017-18.

State Bank of India (SBI) witnessed improvement in its asset quality as gross NPAs reduced to 7.53 per cent of gross advances at end March 2019, as against 10.91 per cent by end of March 2018.

Net NPAs or bad loans too trimmed down to 3.01 per cent as against 5.73 per cent.

Stock of SBI was trading 0.74 per cent down at Rs 297.05 on BSE in afternoon trade.


Air India passengers travelling to UAE can now carry 40 kgs of check-in luggage
Huawei planning major job cuts in US: WSJ
China GDP growth slows to 6.2 pc in second quarter
RBI to come out with mobile app for currency notes identification
Nine of top-10 firms lose Rs 88,609 cr in m-cap
Pak, Afghan resume transit treaty negotiations
Blunt talk needed in country today, Murthy says, cites his spat with Sikka
Gadkari appeals to MSMEs to plant trees
Infosys Q1 net grows 5.2 pc to Rs 3,802 cr; ups revenue guidance to 8.5-10%
Vistara announces international operations; to launch services to Singapore
Zomato partners with TikTok; conducts food drive in 74 cities
Sebi slaps Rs 65 lakh fine on individual for fraudulent trading
HDFC to raise up to Rs 3,000 cr via bonds to augment long-term capital
80 city-centric plans coming soon to make earth green, sky blue again: Javadekar
Parliament passes Aadhaar amendment bill
RBI to discuss with govt issuance of sovereign bonds: Das
Guj CM orders to cancel permissions given to Sterling Port Ltd at Dahej
Govt duty bound to achieve fiscal deficit of 3 pc as per law: FM
Forget about taxman; focus on business: CBDT to start-ups
Petrol price hiked by Rs 2.45, diesel by Rs 2.36 following tax hike in Budget
KERALA NEWS
HC pulls up Kerala govt over Munnar encroachments
 Kochi: The Kerala High Court Wednesday pulled up the state government over the issue of alleged encr  
Student Stabbed at University College: SFI leaders have gone absconding
Ker CM takes a dig at Congress MLAs on quitting spree
Special Additional Sessions court permits Dileep to travel abroad
INTERNATIONAL NEWS
33 dead in suspected arson attack on Japan animation studio
 Tokyo: A suspected arson attack at an animation production company in Japan killed 33 people and inj
Former Pak PM Abbasi arrested over corruption case
Iran Guards say they have seized a ''foreign tanker''
US House votes to condemn Prez Trump over his ''racist'' tweets against four non-white Congresswomen
NATIONAL NEWS
India asks Pak to implement ICJ verdict on Jadhav immediately; Imran says shall proceed as per law
 New Delhi: Maintaining that ICJ verdict on Kulbhushan Jadhav is a complete vindication of its stand,
IT dept attaches assets of Mayawati''s brother, BSP blames BJP govt
Karnataka crisis: Cong leaders speak in divergent voices on SC verdict
MLAS Karnataka crisis: SC says rebel MLAs not to be compelled to take part in Assembly proceedings
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