State Bank of India First Quarter Profit Report
By Vaibhav Aggarwal
Aug 14, 2013
Print    Email    RSS   

The State Bank of India’s Chairman Mr. Pratip Chaudhuri chaired his last quarterly results conference and he was dejected with the first quarter profit of SBI, since it has fallen over thirteen percent. The standalone net profit for the Q1 is INR 3,241 crore, which ended 30th June, 2013. Last year, during the same period, the profit was Rs.3, 752crore. He would be remembered for his innovative plans. Mr. Pratip Chaudhuri was instrumental in abolishing the reserve cash ratio, summarily. He said that he would try his best to improve asset quality, for encouraging investors. Recently, Moody’s, one of the rating agencies has downgraded the strength of finance, from C- to D.

The loan growth has come down and there is considerable increase in bad debts. Since the Reserve Bank of India is unable to strengthen the value of Rupee, it looks that the same trend may continue for some time.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

How to check balance in savings bank account
Carnival of Indian Personal Finance Blogs #4
PPF- How good an investment option!!
Carnival of Indian Personal Finance Blogs #6
Carnival of Indian Personal Finance Blogs #1

how to download my account details
last six months statement

HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive