State Bank Of India

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Large Cap | Bank - Public
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SBI reports consolidated net loss of Rs 4,230.44 crore in Q1

Date: 10-08-2018

State Bank of India (SBI) has reported results for first quarter ended June 30, 2018.

The Bank has reported a net loss of Rs 4,875.85 crore for the quarter under review as compared to a net profit of Rs 2,005.53 crore for the same quarter in the previous year. However, total income of the Bank increased by 4.10% at Rs 65,492.67 crore for Q1FY19 as compared Rs 62,911.08 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported a net loss after minority interest of Rs 4,230.44 crore for the quarter under review as compared to net profit of Rs 3,031.88 crore for the same quarter in the previous year. However, total income of the Bank increased by 5.96% at Rs 74,993.41 crore for Q1FY19 as compared Rs 70,776.53 crore for the corresponding quarter previous year.