State Bank of India, announced independent net benefit of Rs.1,263.81 crore for the quarter ended March 31, 2016, enlisting decay of 66.23% yoy, yet development of 13.31% qoq. It's Net Interest Income (NII) for the quarter remained at Rs. 15,290.76 crore, timing development of 3.94% yoy and 12.38% qoq.

Net non-performing resources (GNPA) for the quarter remained at 6.5% up 225 bps yoy and 140 bps qoq. Arrangements at Rs.13,174.05crore were higher 89.74% yoy and 65.72% qoq.

For the year finished March 31, 2016, the bank revealed net benefit of Rs. 9,950.65 crore, seeing decay of 24.05% yoy. It's NII for the present time of Rs. 56,881.82 crore was up 3.39% yoy.

Arrangements amid the period at Rs. 29,483.75 crore were higher by 45.79% yoy.

State Bank of India Q4 FY16– 'Blended Bag':

SBI results were a blended pack with slippages coming somewhat higher than anticipated and NIMs being flexible in spite of this. NII was up 4% yoy disregarding the sharp decay in resource quality in the previous 12 months. Affected by higher wrongdoings, Gross NPL rose to 6.5% v/s 5.1% qoq. LLP remained at more than 12000cr when contrasted with our gauge of ~8300cr. While PCR fell qoq, it was kept up at a sensible level of 61%. Net NPLs at 3.8% still stays one of the most reduced among PSU Banks. The effect of higher provisioning and opex on all that really matters was padded by one-of repatriation of assets from outside workplaces. The bank likewise used Rs. 1000cr worth of counter repetitive arrangement sitting on the asset report.

Result Highlights: (Rs. in crore)

Reported Results
IIFL Estimates
Variance (%)

Standalone Revenue
15290.76
14221
{2.75}

Standalone Net Profit
1263.81
1571
[19.55]

Standalone EPS for the quarter stood at Rs. 6.50.

State Bank of India (SBI) has pronounced a profit of Rs. 2.60 for every share (260%) for the financial year finished March 31, 2016. The date of installment of the Dividend is settled on June 22, 2016 and the profit warrants will be dispatched before the date of installment, which will be payable, in India, at standard at all branches of State Bank of India, independent of the sum.