Investors cheer SBI as results drop less-than-expected
Non-performing assets (NPAs) have become major area of concern for public sector banks. It’s gross NPAs rose to Rs 1,01,541.18 crore in Q1FY17, from Rs 54,420.77 crore in the similar quarter of the previous year.
SBI’s gross NPA was at 6.94% in Q1FY17, expanding by 265 basis points yoy and 44 basis points qoq. Photo: IANS