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5th August 2017, 02:55 PM
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Join Date: Aug 2012
Re: Result of State Bank of Bikaner and Jaipur

SBI relate State Bank of Bikaner and Jaipur (SBBJ) has announced net loss of Rs 221.56 crore for the main quarter finished June 30, as arrangements for awful credits took off.

It had enrolled a net benefit of Rs 270.62 crore in the April-June time of last money related year, 2015-16, SBBJ said in an administrative recording.

The bank's arrangements for awful advances and possibilities more than quadrupled as of June 30, 2016 to Rs 995.09 crore, from Rs 212.94 crore stopped aside for a similar term last money related year.

Its aggregate wage expanded to Rs 2,771.85 crore in the main quarter of the current monetary year, from Rs 2,683.26 crore in the year-back period.

SBBJ indicated ascend in net non-performing resources (NPAs) to 6.2% toward the finish of June quarter of the current monetary year, from 4.45% year back.

Net NPAs were at 3.65% of net advances, up from 2.36%.

Likewise, the arrival on resources tumbled to (- )0.82%, from 1.07% toward the finish of June 2015.

The bank likewise educated that it gave Rs 61.53 crore towards benefits and Rs 3.89 crore towards tip amid the June quarter.

Furthermore, on merger designs with parent SBI, it said the bank has gone into transaction with State Bank of India (SBI) for procurement of the business including resources and liabilities of the bank by SBI.


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