Gross NPAs' ratio fell to 9.83 per cent from 9.97 per cent in the last quarter, while the net bad loan ratio decreased relative to the previous quarter to 5.43 per cent from 5.97 per cent.
The bank managed to stem its asset quality slide as fresh slippages declined by more than half.
The state-owned lender reported a net profit of Rs 1,581.5 crore in the second quarter against Rs 2,538.3 crore in the corresponding quarter a year ago.
Shares of SBI jumped 6.20 per cent to settle at Rs 333.20 on the BSE on Friday.
In absolute terms, gross bad loans rose to Rs 1,86,114.60 crore or 9.83 per cent from Rs 1,05,782.96 crore or 7.1 per cent, while net NPAs rose to Rs 97,896.29 crore or 5.43 per cent from Rs 60,013.45 crore or 4.19 per cent.
Net interest income grew by 27.3 percent year-on-year to Rs 18,585.9 crore in Q2 despite tepid loan growth.
The bank is also witnessing good recoveries from retail and small and medium enterprises (SMEs) with its NPAs in retail declining to Rs 53,000 crore, of the total NPAs of Rs 1,86,115 crore. "The watchlist at the end of September quarter was down to Rs 21,000 crore, from Rs 24,000 crore as of June quarter 2017", Kumar said. The bank's deposits grew 10.3 per cent from Rs 23.79 lakh crore as of September 2016 to Rs 26.23 lakh crore as of September 2017. The year-ago numbers have also been restated after the merger.Its second-quarter profit was also helped by a stake sale in SBI Life Insurance, which listed last month. Announcing the results, SBI chairman Kumar said that the corporate loan book had shrunk because of deleveraging by corporates and shift in borrowing to bonds. The annualised slippage ratio declined to 1.85 per cent compared to 5.28 per cent during the June quarter.
The company had posted a net profit of Rs22.21 crore for the corresponding period of the previous fiscal, Novartis India said in a filing to the BSE.
Similarly, net NPAs rose to 8.84 per cent of net loans, from 8.59 per cent.
The former athlete, who claims to be "angry", wants to "just bring change" so that young gymnasts "never have to live this again". Aly Raisman is the latest pro athlete to come forward accusing USA Gymnastics doctor Larry Nassar of sexual assault.
Incoming transfer students, from junior college or four-year schools, who graduate at United Kingdom are not counted as graduates. The federal rate cohort accounts for all freshmen student-athletes who receive athletics aid and enter during the fall semester.
After Netflix issued the ultimatum, they released a new statement to PEOPLE saying the actor had been suspended . The first, actor Anthony Rapp , accused Spacey of attacking him in a bed when he was 14 more than 30 years ago.
Being forced to sell off Turner is probably a "nonstarter" for AT&T, New Street Research analyst Jonathan Chaplin said. But sources said talks between the government and AT&T are ongoing in the hopes that an agreement can be reached.
Coast Guard Auxiliary and numerous eastern North Carolina veterans' organizations and their auxiliaries will be in the parade. Afterward, the veterans will attend a reception where there will be opportunities for them to speak with the children.
A Marvel spokesperson thanked Bendis for his tenure with the company and wished him luck with his future projects. Marvel debate, the fact of the matter is that there are many of us who enjoy stories released by both publishers.
While Flynn has had a relationship with Turkey , his counsel denies the Wall Street Journal's report, according to CNN. Flynn allegedly discussed the plot at a meeting in NY in December 2016, when he was a member of then U.S.
While he did not witness the incident, Skaggs has said Boucher and Paul have been quibbling over lawn maintenance for years. A close friend and neighbor of Rand Paul says the attack on the us senator apparently had something to do with property.
It's a confusing time, with most users complaining about this update, and the rest taking the absolute piss. Prior to yesterday's announcement, Twitter had given " a small group " access to the full 280 characters.
With Hulu now officially available on the Switch , Nintendo appears to be ready to start offering video streaming services. However, Nintendo made it clear that its intention with the Switch was to have games be at the forefront of the console.
The union's general secretary, Mick Cash, said: "These strikes are about rail safety and accessibility pure and simple". Strikes making it hard to get around will be a "very visible" sign that things are not working as they should.
To win approval of the deal, AT&T hired lobbyists close to Vice President Mike Pence and others in the Trump administration . As a candidate, Trump vowed to block the deal because it concentrated too much "power in the hands of too few".
Veterans Day 2017: Where to get deals, freebies and discounts
Applebee's locations in Pennsylvania and West Virginia will offer a free meal to veterans and active duty military members. Here's a guide to restaurants that are offering free meals and other deals for both retired and active military members.
Breakfast at Tiffany's comes to life at NY store
The luxurious addition looks absolutely stunning, with the iconic Tiffany blue worked throughout the entire design. Speaking of luxury, your morning joe at Tiffany's will cost you far more than Holly Golightly's street-cart fare.
GST Council recommendations will benefit people: Modi
He also said the Council had been looking at the 28 percent tax slab and constantly rationalising items in it in lesser tax slabs. At present, while manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent.
Coutinho would bring a lot to Barca -Suarez
Sport reports the Blaugrana will make a new €120 million (£106m) offer for the Brazilian, who is now nursing a calf problem. The Brazil squad has been preparing in Paris for the two matches.
Apple said to be working on augmented reality headset
Among the challenges for Apple is creating a headset with a power-efficient display capable of rendering 3D video, Gurman notes. Apple engineers are reportedly experimenting with ways to interact with the headset, either by voice, touch, or head gestures.
Apple Pay Cash launches in beta
There's no fee for debit card transactions, while an "industry standard" fee will apply for money funded with credit cards. Developers in the US saw the new Apple Pay improvements on the iOS 11.2 beta on Tuesday, according to MacRumors .