The lender’s net non-performing assets ratio in the quarter stood at 1.23 per cent as against 1.59 per cent in the previous quarter. SBI’s gross NPA ratio at end of the quarter stood at 4.77 per cent as against 5.28 per cent in the previous quarter.
The lender’s pre-provisioning operating profit in the quarter fell 4.9 per cent year-on-year to Rs. 17,333.16 crore.
Without accounting for the Supreme Court’s standstill on the recognition of bad loans, the bank’s gross NPA ratio would have been 5.44 per cent as against 5.88 per cent a quarter ago.
The lender’s provisions and contingencies in the quarter rose 42.6 per cent on-year to Rs 10,342.39 crore. However, SBI’s provisions for non-performing assets plummeted 72 per cent to Rs 2,290.4 crore.
The bank said it has made provisions of Rs 5,265 crore in the reported quarter to account for loans that have not been recognised as bad loans due to the special dispensation of the Supreme Court.
“ln this situation, bank is gearing up on all fronts to meet the challenges. The situation continues to be uncertain and the bank is evaluating the situation on an ongoing basis,” SBI said.
