Gross bad loans as a percentage of total loans stood at 9.83 percent at end-September compared with 9.97 percent at end-June.
He further said fresh slippages in Q2 were at Rs 9,026 crore against Rs 26,249 crore in previous quarter.
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 stock market reacted positively to the improvement in asset quality.
Flying cars? Uber teams with NASA for 'Uber Elevate'
Uber plans to make vertical take-off and landing vehicles, which will allow their flying cars to take off and land vertically. Customers could hail a flying taxi much in the same way they would with an Uber auto : via smartphone.
Shares of SBI jumped 6.20 per cent to settle at Rs 333.20 on the BSE on Friday. Standalone operating profit excluding exceptional item (part sale of SBI Life Insurance stake) grew 11.4 per cent year-on-year to Rs 14,563 crore. Net profits fell 21 percent on a sequential basis, the bank said.
During the quarter, gross NPAs rose to 14.10 per cent of gross advances, up from 12.28 per cent a year earlier. "SME and personal loans are showing good recovery, and agriculture will start showing once we get the loan waiver amount from the government", Kumar said. Since the nation's largest lender had merged its five associate banks and Bharatiya Mahila Bank from April this year, the numbers are not comparable.
Drug firm Novartis India on Friday reported a 17.60% rise in its net profit to Rs26.12 crore for the quarter ended 30 September 2017.
New looks come to Snapchat and Twitter in bid for more users
Only five percent of users went above 140 characters during the test, and only 2 percent ever went north of 190 characters. Now every Twitter user - from first-day users to President Donald Trump - will have twice the room to share their thoughts.
During the reporting quarter, SBI sold its shares in life insurance business SBI Life for Rs 5,436 crore. This includes provisions made for written-off accounts. Gross NPAs fell to 9.83 per cent of gross advances compared to 7.14 per cent a year ago.
Kumar does not expect credit growth to improve significantly in the second half of the current year. The sluggish loan growth was due to the corporates loan book shrinking. In an analyst call, Kumar said, "I don't understand you analysts".
On capital raising plans, the SBI chief did not indicate specific steps to raise more capital but added that at present the capital position of the bank was strong and would like it to be stronger.
Victory Fund says Jenkins is the first openly transgender woman ever elected to the city council of a major USA city. "Wow", Jenkins said , greeting supporters and family members at her election night party at Curran's Restaurant.
However, OTL's sources said that not only does Jones want Goodell out, but he also has his own candidate in mind to replace him. According to ESPN , Goodell is furious that his next contract might be performance-based.
Magic Leap , which has been quietly working on its own augmented reality hardware, is thought to be targeting consumers instead. That new operating system, internally called "rOS" for "reality operating system", is based on iOS.
Your morning joe at Tiffany's will cost you far more than Holly Golightly's street-cart fare: breakfast will set you back $29. The new Blue Box Cafe on the fourth floor of the Fifth Avenue store may help the brand recapture its buzz, too.
He was charged with the crime in 2015 and found guilty at Nassau County court , New York , this week. Maraj , 38, was found guilty on Thursday of predatory assault on a child younger than 13 years old.
The rates are a four-year rolling average, so athletes who began in 2007 through 2010 are included in the current numbers. Under the calculation, institutions are not penalized for outgoing students who leave in good academic standing.
As the very small number incrementation shows you, it's not a big feature update , only a bug fixing release. The new Apple Pay improvements are also expected in the upcoming Apple Watch update watchOS 4.2.
Centre slashes GST on 178 mass use items
He also said the Council had been looking at the 28 percent tax slab and constantly rationalising items in it in lesser tax slabs. The panel also recommended lowering tax rates for manufacturers and restaurants under the composition scheme to 1 per cent.
Rand Paul says he suffered 6 broken ribs in freaky attack
Rene Albert Boucher, 59, is accused of tackling Paul and was charged with fourth-degree assault, according to court documents. It was a very regrettable dispute between two neighbors over a matter that most people would regard as trivial".
Instructions to fix the new iPhone glitch
There's no fee for debit card transactions, while an "industry standard" fee will apply for money funded with credit cards. The company also released a second developer beta for watchOS 4.2 and tvOS 11.2 alongside the iOS 11 .2 release.