Sensex at 44000+,Nifty at 13000+ & #BankNifty at 9 month high of 30000+💪
Amongst top gainers in rally are SBI,ICICI Bank&Axis Bank;549% rise in Profit in #ICICIBank,reinforces, rally is not just liquidity driven,but excellent Sep qtr results have played big role
#EconomyRising
Amongst top gainers in rally are SBI,ICICI Bank&Axis Bank;549% rise in Profit in #ICICIBank,reinforces, rally is not just liquidity driven,but excellent Sep qtr results have played big role
#EconomyRising
https://twitter.com/bsindia/status/1331446563223326720
SBI reported PAT of 4574.16Cr in Sep'20 qtr,up 52% YoY&9% QoQ
Note,most analysts were not expecting SBI to clock profit of more than 2100 or 2200Cr
PBT for #SBI came at 6341.45Cr,up 25.33%,YoY&14.3%,QoQ
Operating profit was up 12% at 16460Cr in Q2FY21
#EconomyRising #Banks
Note,most analysts were not expecting SBI to clock profit of more than 2100 or 2200Cr
PBT for #SBI came at 6341.45Cr,up 25.33%,YoY&14.3%,QoQ
Operating profit was up 12% at 16460Cr in Q2FY21
#EconomyRising #Banks
#SBI is not any other Bank;It is biggest Bank in India,accounting for one fourth of India's lending activity, so great results by SBI,signify, #EconomyRising
NII at 28182Cr,up 5.7%,QoQ
NIMs up 12bps YoY at 3.34%
GNPA in Sep Qtr fell to 5.28% Vs 5.44% in June qtr,with NPAs down
NII at 28182Cr,up 5.7%,QoQ
NIMs up 12bps YoY at 3.34%
GNPA in Sep Qtr fell to 5.28% Vs 5.44% in June qtr,with NPAs down
Net #NPA of SBI also fell to 36450.7Cr from 42703.6Cr, sequentially;NNPA ratio fell to 1.59%,from 1.86%,QoQ
Provision Coverage Ratio improved to 88.19%, up 696 bps YoY&187 bps QoQ
Provisions fell to 13181.9Cr,down 23% YoY&19.06%,QoQ,showing better asset quality
#EconomyRising
Provision Coverage Ratio improved to 88.19%, up 696 bps YoY&187 bps QoQ
Provisions fell to 13181.9Cr,down 23% YoY&19.06%,QoQ,showing better asset quality
#EconomyRising
Fresh slippages of SBI were reined in at Rs2756Cr in Sep qtr,down from 3637 crore in Q1FY21& 8805Cr in Q2FY20
Excellent results from #SBI came despite moratorium to loans worth Rs 8.21 lakh Cr,as on Aug31,2020
#EconomyRising
11357.78Cr of loans,reclassified
#AnimalSpirits,back
Excellent results from #SBI came despite moratorium to loans worth Rs 8.21 lakh Cr,as on Aug31,2020
#EconomyRising
11357.78Cr of loans,reclassified
#AnimalSpirits,back
Credit growth for SBI was up 6.02% YoY,driven by retail advances that were up 14.55%,agri advances up 4.19%&corporate advances up 2.82%
Total loan book at end of Q2FY21 was Rs23.83 lakh Cr,as against Rs 22.48 lakh Cr,in Q2FY20;Corporate bond book also saw 7% rise
#EconomyRising
Total loan book at end of Q2FY21 was Rs23.83 lakh Cr,as against Rs 22.48 lakh Cr,in Q2FY20;Corporate bond book also saw 7% rise
#EconomyRising
That apart,#HomeLoans,which make 23% of SBI's domestic advances, grew 10.34%,YoY
Total #Deposits,grew at 14.41%,to 34.70 lakh Cr,of which current account deposits grew 8.55% YoY, while saving bank deposits grew 16.28%
#EconomyRising is a reality,with #SBI,taking the lead💪
Total #Deposits,grew at 14.41%,to 34.70 lakh Cr,of which current account deposits grew 8.55% YoY, while saving bank deposits grew 16.28%
#EconomyRising is a reality,with #SBI,taking the lead💪
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