SBI posted a profit of ₹838.40 crore while 19 Bloomberg analysts had estimated a profit of ₹4,840.80 crore during the quarter. Last year, in the same quarter, the bank had posted a loss of ₹7,718.17 crore. Provisions and contingencies surged 174.75% to ₹16,501.89 crore during the quarter from ₹6,006.22 crore a quarter ago. Non-interest income was ₹12,685.12 crore, up 1% from ₹12,494.78 crore in the same quarter a year ago. Net NPAs were at 3.01% in the March quarter against 3.95% in the previous quarter and 5.73% in the same quarter last year.

Source: Mint May 10, 2019 08:24 UTC