The State Bank of India on Tuesday posted a jump of 6 per cent in its consolidated net profit at Rs 4713.57 cr for the first quarter ended June 30, 2015, compared to Rs 4448.15 crores in the corresponding quarter a year ago.
The company’s consolidated income grew to Rs 62,927.46 cr against Rs 60,620.93 cr in the reporting period.
The shares of the company were trading down over 2.71 per cent at Rs 276.65 at 12.46 pm.
Gross bad loans as a percentage of total loans marginally rose to 4.29 per cent from 4.25 percent in the previous quarter but was lower than 4.9 per cent reported a year earlier.