Mumbai Feb 9 (IANS) India s largest bank State Bank of India (SBI) on Friday said it closed the third quarter of the current fiscal with a net loss of Rs 2 416.37 crore.
In a regulatory filing to the BSE the bank said it had posted a net loss of Rs 2 416.37 crore for the quarter ended on December 31 as against a net profit of Rs 2 610 crore posted during the corresponding period the previous year.
For the quarter ended on December 31 2017 SBI had earned a total income of Rs 62 887.06 crore up from Rs 53 587.51 crore in the quarter ended on December 31 2016.
During the quarter under review the provisions shot up to Rs 18 876.21 crore from Rs 8 942.83 crore in the previous corresponding period.
The SBI s gross non-performing assets (GNPA) stood at Rs 199 141.34 crore and the net NPA stood at Rs 102 370.12 crore as on December 31 2017 up from GNPA of Rs 108 172.32 crore and net NPA of Rs 61 430.45 crore during the same period last fiscal.
--IANS
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