SBI revises NPAs by Rs 1,400cr less; stock gains 1.6pc
Agencies: Mumbai, Nov 12 2012, 21:22 IST
flat with a negative bias.
Last Friday, SBI reported a 30.2 percent rise in net to Rs 3,658 crore on the back of lower provisions towards bad loans. But concerns on asset quality continued with rise in both gross and net NPAs. While gross NPAs jumped to 5.15
percent from 4.19 per cent a year ago, net NPAs rose to 2.44 percent from 2.04 per cent.
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