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"HAPPY BIRTHDAY"

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Happy Birthday-13th OCTOBER 2017(FRIDAY)
"HAPPY BIRTHDAY-13TH OCTOBER 2017(FRIDAY) JASWINDER PAL SINGH SENIOR SPL ASSISTANT DON KALAN Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Om Parkash Sikri DEPUTY MANAGER ISMAILA BALDEV RAJ Addl. Associate 1 HANSLI BRIDGE, BATALA Ramesh Kumar SR. ASST. (BANKING) SME BRANCH, CHANDIGARH VEENA PACHPORE Addl. Associate 1 SEC 35-C, CHANDIGARH Ashok Kumar Goyal DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING Kuldeep Kumar Sharma DEPUTY MANAGER ZONAL OFFICE JAMMU Jaswinder Singh SENIOR SPL ASSISTANT TRIPRI PATIALA Dalbir Singh SR. ASST. (BANKING) UDHAMPUR Ambika Chugh ASSISTANT MANAGER AMBALA CITY Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Parveen Kumar Sharma ASST. GEN. MANAGER NRI JULLUNDER HEM SINGH Addl. Associate 1 KASAULI MANJINDER SINGH RANDHAWA ASSISTANT MANAGER ANAJ MANDI, SIRHIND MANDI ASHUTOSH JAIN Addl. Associate 1 ADB MALERKOTLA DEEP CHAND MANAGER LOHAKA Raj Kumar Bhagat DEPUTY MANAGER BHOGPUR SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD MUNISH BALI Addl. Associate 1 BANKING OPERATIONS DEPARTMENT-HEAD OFFICE PATIALA Nitin Soni DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING SANJEEV BHATIA ASSISTANT MANAGER BEESLA Sudhir Kumar DEPUTY MANAGER REWARI Gurupdesh Kaur CUST. ASST. (BANKING) ROPAR PAYAL MEHTA Addl. Associate 1 GHUMAR MANDI, LUDHIANA AMIT RAJ DEPUTY MANAGER HO PATIALA -OUTREACH/FINACIAL INCLUSION DEPTT Nitin Sharma DEPUTY MANAGER(S) ROHRU AMRITA DEEPAK Addl. Associate 2 JALANDHAR ZONAL OFFICE-RO-I JALANDHAR -ADMIN JASWANT SINGH ASSISTANT MANAGER S.A. JAIN COLLEGE, AMBALA CITY Vikas Goyal CUST. ASST. (BANKING) MANSA PANKAJ KUMAR TAMTA DEPUTY MANAGER NOORMAHAL ROAD ,PHILLAUR SIMRANJEET SINGH CUST. ASST. (BANKING) SPECIALISED AGRI COMM BR, PATIALA AVINASH KUMAR Addl. Associate 1 ABLU RIGZIN GURMETH ASSISTANT MANAGER ALSINDI Deepshikha . CLERICAL - ON PROB. MOHALI (S.A.S. NAGAR) Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND SUNIL KUMAR ASST. (BANKING) GHAGA Sandeep Dhillon ASSISTANT MANAGER AMRITSAR Ram . Kishan CUST. ASST. (BANKING) NAKODAR ROAD, JALANDHAR Amandeep Sharma CLERICAL - ON PROB. NANGAL BHUR *** table>

Friday, 13 February 2015

State Bank of India Q3 net profit jumps 30 pct to Rs 2,910 cr; asset quality improves

SBI, SBI net profit, SBI NPAsThe total income of SBI rose to Rs 43,784 crore in the October-December quarter as against Rs 39,068 crore during the corresponding quarter of the previous fiscal. (PTI)
Improvement in asset quality and high interest income pushed State Bank of India’s (SBI) net profit in December quarter by 30 per cent to Rs 2,910 crore, boosting the shares of country’s largest lender by 6.8 per cent.
The bank had reported a net profit of Rs 2,234 crore in the October-December quarter of previous fiscal, SBI said in a statement.
The gross non-performing assets (NPAs) as a percentage of total advances came down to 4.90 per cent at the end of third quarter from 5.73 per cent in the year-ago period while net NPAs stood at 2.80 per cent.  (Read full report)
During the quarter, the net interest income increased by 9.20 per cent to Rs 13,777 crore as against Rs 12,616 crore in the October-December period of last fiscal.
However, the bank has increased its provisioning for bad loans to Rs 5,235 crore as against Rs 4,149 crore a year earlier, an increase of 26 per cent.
Non-interest income too rose to Rs 5,238 crore at the end of December, up 24.27 per cent over the year-ago period.
Total income increased to Rs 43,784 crore during the three month period, up from Rs 39,068 crore in the corresponding period of 2013-14 fiscal.
On a consolidated basis, the bank’s net profit increased 35 per cent to Rs 3,828 crore for the quarter ended December, against Rs 2,839 crore in the year-ago period.
Total income increased to Rs 64,605 crore as against Rs 58,649 crore in the third quarter of 2013-14.
Shares of the lender rose 6.82 per cent to Rs 303.80 during afternoon trade on the BSE.
SBI has five associate banks – State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad.
Among these, State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore are listed entities.
State Bank of India earnings cheer investor
(Reuters) State Bank of India (SBI), the nation’s top lender by assets, reported on Friday a small increase in bad loans in its fiscal third quarter that was not as much as feared, sending its shares up as much as 6.8 per cent.
The 208-year old lender, which accounts for about a quarter of loans and deposits in the country, said gross bad loans as a percentage of total loans were 4.9 per cent for the three months to December 31, compared with 4.89 per cent a quarter earlier. Analysts had expected the number to be higher.
Indian lenders have seen a spike in their bad loans in the past two fiscal years which has been mainly attributed to a slowdown in the economy and also in some cases to a lack of due diligence. While economic growth is forecast to pick up this year and next, bad loans will start easing with a lag, bankers say.
SBI Chairwoman Arundhati Bhattacharya has vowed to tackle the increase in bad loans by boosting vigilance and upgrading systems and software. More than two-dozen state-owned lenders, including SBI, account for over 70 percent of the nation’s loans, and the bulk of the bad loans.
SBI’s net profit for the quarter rose 30 per cent to 29.10 billion rupees ($468.4 million), from 22.34 billion rupees a year earlier. Analysts on average had expected a net profit of 32.74 billion rupees.
By comparison, most state-run banks have seen their bad loan ratio widening in the December quarter as restructured loans turned sour. Sectors such as infrastructure, metals and mining have shown stress.
SBI is planning to raise as much as 150 billion rupees ($2.4 billion) through a share sale to boost its capital base as Indian lenders gear up for higher capital requirement through March 2019 to comply with global norms. The bank had raised 80.3 billion rupees last year by selling shares to funds.
Shares in SBI, valued at about $35 billion, were trading 5.9 percent higher by 0708 GMT in a Mumbai market that was up 0.72 percent. They were on course to post their biggest one-day gain since May last year.

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