SBI Q3 profit jumps 134% to Rs 2610 cr, Asset Quality Qeakens
SBI 's third quarter profit jumped 134 percent to Rs 2,610 crore from Rs 1,115.34 crore in year-ago quarter.
Net interest income grew by 7.7 percent to Rs 14,754.54 crore from Rs 13,697.01 crore YoY.
Profit was expected at Rs 2,496 crore and net interest income at Rs 14,452 crore for the quarter.
Asset quality slightly weakened with gross non-performing assets at 7.23 percent against 7.14 percent and net NPAs at 4.24 percent against 4.19 percent on sequential basis.
Technical Levels for SBI
Support at 275—272 and Resistance at 285
Break and Sustain above 285 will take it to 290—295 and then to 300+ mark in days to come.
Else looks weak only below 275 on closing basis
More will update soon!!
