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Aug 06, 2022, 03.30 PM

SBI Q1 net profit stood at Rs.6,068 cr

The bank's Net NPA ratio down by 77 bps YoY at 1.00%, while Slippage Ratio for Q1FY23 stands at 1.38%.

The bank's Corporate Loan book grew by 10.57%; while SME and Agri loans have also registered YoY growth of 10.01% and 9.82% respectively.

State Bank of India (SBI) reported net profit at Rs 6,068 crore as against Rs 6,504 crore in the same quarter last year. 

The bank's operating profit for Q1FY23 at Rs. 12,753 crores as against Rs. 18,975 crores in Q1FY22, impacted by MTM Losses on investment book.

The bank's Corporate Loan book grew by 10.57%; while SME and Agri loans have also registered YoY growth of 10.01% and 9.82% respectively.

The bank's Net NPA ratio down by 77 bps YoY at 1.00%, while Slippage Ratio for Q1FY23 stands at 1.38%.

The Bank’s Balance Sheet size crossed Rs. 50 lakh crores.

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