In the quarter ended March 21 of the previous financial year, SBI had posted Rs. 9,113.53 crore, the leading public sector bank has seen a steep decline in net profit since then.
Its total revenue for the first quarter of 2022-23 is Rs. 74,998.57 crore, down from Rs. 77,347.17 crore, SBI said in a regulatory filing.
The bank’s gross non-performing assets (NPA) ratio improved to 3.91 percent this year from 5.32 percent at the end of June last year.
SBI’s net profit fell to Rs 7,325.11 crore compared to Rs 7,379.91 crore in the same quarter last year.
SBI Bank’s loan book grew by 10.57 per cent, while SME and agricultural loans grew by 10.01 per cent and 9.82 per cent respectively.
SBI stock price is currently down 0.90%. Currently SBI share price is Rs 532.35.