Menu

  • Home
  • Trending

CATEGORIES

  • Stock Market & Trading
  • Banking & Finance
    • Banking
    • Credit and Debit Cards
  • Business & Startups
    • Business Basics
    • Business ideas
  • Cooking & Food
    • Easy Healthy Meals
  • Education
    • Business Skills
    • Content Writing Skills
    • Digital Marketing
  • Fashion & Lifestyle
    • Fashion
  • Freelancing
    • Finance & Accounting
  • Health & Fitness
    • Health
    • Health care
    • Health care occupations
    • Health sciences
    • Human pregnancy
  • Hobbies
    • Entertainment
    • Environmental design
    • Handicrafts
    • Hobbies
    • Home appliances
    • Home improvement
    • Horticulture and gardening
  • Learn & Earn
  • Learners Hub
    • NFT Beginners
  • Movie
  • Music
    • Musical instruments
  • News
    • Nation Wants to Know
    • National News
  • Personal Development
    • Marriage
    • Parenting
    • Personal care and service occupations
    • Personal development
    • Personal life
  • Real Estate
  • Religion
    • Prayer Method
    • Puran
    • Sanatan Dharma Basic
    • Sanatan Dharma Symbols & meaning
    • Scienfic reason behind Sanatan Dharma
  • Social Media
  • Technology
    • Services & Software
    • Software development
    • Technology News
  • Travel & Tourism
    • Things to Do
    • Travel Blogs

Subscriptions

  • admin

Recent News

  • Realty of option selling – Trading – Trading Q&A by Zerodha
  • ‘SpongeBob SquarePants’ Renewed for Season 15 at Nickelodeon
  • Amazon Prime Day Office Chair: Our Top Picks
  • Home
  • Browse
    • Personal Development
    • Fashion & Lifestyle
    • Health & Fitness
    • Cooking & Food
    • Stock Market & Trading
    • Business & Startups
    • Technology
    • Travel & Tourism
    • Business
    • Freelancing
    • Learners Hub
  • Refer & Earn
  • Blogs
No Result
View All Result
  • Login
No Result
View All Result
  • Feedback/Suggestions
  • About Us
  • Contact Us
Home Banking & Finance

SBI’s Q1 net profit falls 6.7% to ₹6,068cr on bond provisions

admin by admin
August 7, 2022
in Banking & Finance
0 0
0
SBI’s Q1 net profit falls 6.7% to ₹6,068cr on bond provisions
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

MUMBAI: State Bank of India reported a net profit of Rs 6,068 crore for the quarter ending June 2022, a decline of 6.7% over Rs 6,504 crore in the corresponding quarter last year, due to provisions of over Rs 6,500 crore on its government bond portfolio following a rise in interest rates. On a sequential basis, the bank’s net profit was 33% lower than the record net profit of Rs 9,114 crore for the quarter ending March 2022.
Its balance sheet crossed Rs 50 lakh crore, with loan book growing 14.9% to Rs 29 lakh crore. Deposits increased 8.7% to Rs 40.5 lakh crore, and home loans grew 13.8% to Rs 5.8 lakh crore. It expected the home loan book to grow to Rs 6 lakh crore by end of the calendar year. Profits would have been much higher had it not been for a Rs 6,549-crore hit due to depreciation in the value of government securities – the market value of g-secs drops when interest rates rise.

FOLLOW US ON SOCIAL MEDIA

FacebookTwitterInstagramKOO APPYOUTUBE





Source link

Tags: 6068crbondfallsnetprofitprovisionsSBIs

Latest News

  • Trending
  • Comments
  • Latest
Cryptocurrencies With Incredibly High Market Caps

Iravin Nizhal Box Office Collection Day 3 Worldwide & Budget

July 17, 2022
Indian-Origin Leader Is New Singapore President

Indian-Origin Leader Is New Singapore President

September 1, 2023
17-Year-Old High School Basketball Player In US Dies After Collapsing On Court

17-Year-Old High School Basketball Player In US Dies After Collapsing On Court

August 12, 2023
Celebrity couple Riteish Deshmukh, Genelia D’Souza buys BMW iX electric SUV worth Rs 1.16 crore | Electric Vehicles News

Celebrity couple Riteish Deshmukh, Genelia D’Souza buys BMW iX electric SUV worth Rs 1.16 crore | Electric Vehicles News

September 1, 2022
Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry

Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry

0
Crypto Market Loses $60 Billion As Bitcoin Dips Below $20,000

Crypto Market Loses $60 Billion As Bitcoin Dips Below $20,000

0
Bitcoin Sees Worst Quarter In 11 Years

Bitcoin Sees Worst Quarter In 11 Years

0
Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets

Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets

0
Streak Scanner is now free for all Zerodha users – Announcements – Trading Q&A by Zerodha

Realty of option selling – Trading – Trading Q&A by Zerodha

September 29, 2023
US’ PVH Corp announces revenue increase of 4% to $2.207 bn in Q2 FY23

‘SpongeBob SquarePants’ Renewed for Season 15 at Nickelodeon

September 29, 2023
US’ PVH Corp announces revenue increase of 4% to $2.207 bn in Q2 FY23

Amazon Prime Day Office Chair: Our Top Picks

September 29, 2023
16 Powerpoint Presentation Guidelines For Beginners

16 Powerpoint Presentation Guidelines For Beginners

September 29, 2023
Moneyhaat News

Money Haat

You finally have someone to confide in about money. Get financial clarity as we uncover your values, spot barriers, and set achievable goals.

  • Feedback/Suggestions
  • About Us
  • Contact Us

© 2022 Money Haat - Designed By JSD Solutions.

No Result
View All Result
  • Home
  • Browse
    • Personal Development
    • Fashion & Lifestyle
    • Health & Fitness
    • Cooking & Food
    • Stock Market & Trading
    • Business & Startups
    • Technology
    • Travel & Tourism
    • Business
    • Freelancing
    • Learners Hub
  • Refer & Earn
  • Blogs

© 2022 Money Haat - Designed By JSD Solutions.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?