SBI Results State Bank Of India Results

Bad loans ( NPAs ) of banks after a falling meteor . The country's largest bank, State Bank of India ( SBI) has lost its ' profits . Due to higher provisions for NPAs of the current fiscal year July-September quarter , SBI 's profits fell 33 per cent .
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Before PNB , Vijaya Bank , including benefits almost six state-owned banks is also reduced because of the increased NPAs . In the second quarter of the current financial year , SBI 's net profit of Rs 3072.77 crore . 4574.11 crore in the same period last year the amount was Rs . The real reason for this decline NPA provision of Rs 2645 crore .
Just be careful ! If you will note scribbled on a scrap
If customers do not return the loan on time after a certain period is put into NPAs . The NPA amount equal to a portion of their profits to banks require adjustments . SBI 's gross NPA has increased by 5.64 per cent . NPAs in the banking industry for more than 3.5 per cent is considered dangerous .
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It has been said that the NPA granted to rise steadily decreases so will the capital base of banks and the central government will have to compensate .
The government last four years consecutive state banks , giving a sum of Rs 15,000 to 20,000 . Rs 14,000 crore during the current financial year they are given . Between 2010 and 2013, 95 per cent of the banks , the government is needed . Basil -3 standard to apply in the next few years these banks need more funds . Then the growing problem of NPAs granted the government may pay too much .

Narendra Modi color Dalal Street

BJP government in four key states expect the stock market on Thursday gave new Prwaj . After the general elections in these states, the BJP government in the hope of becoming the Sensex touched a one-month high . According to experts, the reason behind the bull BJP's prime ministerial candidate Narendra Modi is the industry -friendly image . Several international agencies have already claimed that Modi becoming PM will improve the country's economy .
Concluded on Wednesday came after the Assembly elections in the five states surveyed could become BJP government in four provinces . The news of the day had brought new energy into the Dalal Street . The Bombay Stock Exchange ( BSE ) Sensex up 457 points lead had taken the afternoon . This is because of the profit Sensex closed at 20957.81 with a gain of 249.10 points . National Stock Exchange ( NSE) Nifty also gained 80.15 points, or 1.3 per cent to close at 6241.10 .
Similarly, inter -bank foreign exchange market is also showing the effect of BJP anytime . The rupee strengthened by 30 paise occurred in The day a month highs Indian currency closed at 61.76 per dollar .
Changing political climate in the country has maintained a silence about the domestic economic agencies . In contrast, foreign rating agencies , foreign banks and economic research agencies are constantly comment on it . According to the report, Modi's image , the industry is more caring .
CLSA another international agency said that the polls are correct is clear that the BJP central power could return . The possibility of a strong central government is expected to remain bullish in the stock market even further .
Private sector life insurer Aegon COO Religiyr Sriwastav Yatish the ' Dainik Jagran ' told to trust the current government is already so low . In a democracy, the political situation has sunk in the market .