SBI - Q3FY13 Result First-Cut - Microsec

State Bank of India Ltd has announced its Q3FY13 result on 14th February 2013.

The bank's total income increased by 2.06% QoQ and 18.56% YoY to INR23907.08 crores, driven by 74.08% YoY growth in its Other Income. Whereas, Profit After Tax (PAT) increased by 1.60% QoQ and 7.65% YoY to INR4648.44 crores. During the quarter, bank has increased its provisions and contingencies by 25.98% QoQ and 3.75% YoY to INR3534.96 crores which has affected its bottom line numbers.

Despite challenging environment, bank's loans book and total deposits expanded by 16.45% and 15.43% YoY to INR1306757.47 and INR1562077.63 crores respectively. On the asset quality front, bank's asset quality is still the matter of concern. NNPA and GNPA increased by 15bps each Sequentially while, 37 and 69bps YoY to 2.59% and 5.30% respectively. On the margin front, Net Interest Margin (NIM) stood at 3.72% as against 3.77% in last quarter. However, Capital Adequacy Ratio (CAR) improved by 61bps YoY to 12.21% which is 3.21% higher than the regulator's stipulated norm.

Source : Equity Bulls

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