<p>New Delhi: State Bank of India (SBI) on Saturday reported an almost flat standalone net profit at Rs 17,035 crore for the first quarter of the current financial year.</p>.<p>The country's biggest lender had posted a net profit of Rs 16,884 crore in the April-June quarter of 2023-24.</p>.<p>The bank's total income increased to Rs 1,22,688 crore in the first quarter against Rs 1,08,039 crore a year ago, SBI said in a regulatory filing.</p>.<p>During the quarter, the bank earned an interest income of Rs 1,11,526 crore compared to Rs 95,975 crore in the year-ago period.</p>.<p>The bank's gross non-performing assets (NPA) of the total advances declined to 2.21 per cent in the first quarter from 2.76 per cent at June-end last year.</p>.<p>Similarly, its net NPAs also eased to 0.57 per cent in June 2024 from 0.71 per cent a year ago.</p>.Saffron activists offer Gangajal inside Taj Mahal; video goes viral.<p>On a consolidated basis, SBI's net profit rose marginally to Rs 19,325 crore against Rs 18,537 crore in the same quarter of the previous fiscal.</p>.<p>At the same time, its total income increased to Rs 1,52,125 crore compared to Rs 1,32,333 crore in the corresponding period of the preceding financial year.</p>.<p>Besides approving the results, the board also cleared proposals for raising funds in rupee or dollar by issuing Basel III compliant Additional Tier 1 Bonds and Tier 2 Bonds of up to Rs 25,000 crore to domestic and/or overseas investors during FY25.</p>.<p>The fundraising would be subject to the approval of the central government, wherever required, the lender said.</p>
<p>New Delhi: State Bank of India (SBI) on Saturday reported an almost flat standalone net profit at Rs 17,035 crore for the first quarter of the current financial year.</p>.<p>The country's biggest lender had posted a net profit of Rs 16,884 crore in the April-June quarter of 2023-24.</p>.<p>The bank's total income increased to Rs 1,22,688 crore in the first quarter against Rs 1,08,039 crore a year ago, SBI said in a regulatory filing.</p>.<p>During the quarter, the bank earned an interest income of Rs 1,11,526 crore compared to Rs 95,975 crore in the year-ago period.</p>.<p>The bank's gross non-performing assets (NPA) of the total advances declined to 2.21 per cent in the first quarter from 2.76 per cent at June-end last year.</p>.<p>Similarly, its net NPAs also eased to 0.57 per cent in June 2024 from 0.71 per cent a year ago.</p>.Saffron activists offer Gangajal inside Taj Mahal; video goes viral.<p>On a consolidated basis, SBI's net profit rose marginally to Rs 19,325 crore against Rs 18,537 crore in the same quarter of the previous fiscal.</p>.<p>At the same time, its total income increased to Rs 1,52,125 crore compared to Rs 1,32,333 crore in the corresponding period of the preceding financial year.</p>.<p>Besides approving the results, the board also cleared proposals for raising funds in rupee or dollar by issuing Basel III compliant Additional Tier 1 Bonds and Tier 2 Bonds of up to Rs 25,000 crore to domestic and/or overseas investors during FY25.</p>.<p>The fundraising would be subject to the approval of the central government, wherever required, the lender said.</p>