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SBI records 9114 crore profit due to reduction in NPA, 1779 profit for Bank of Baroda – News

Results of SBI and BoB: In the fourth quarter of the financial year 2021-22, SBI’s gross NPA declined from 4.98 percent to 3.97 percent. Along with this, the net NPA of the bank also decreased from 1.5 percent to 1.02 percent. In this quarter, the bank has also declared a dividend of Rs 7.10 per share. The record date for the dividend per share announced by the bank has been fixed as 26 May 2022.

Although the market is disappointed with the results of SBI, which is why SBI shares fell by 4.75 percent after the results were announced on the stock exchange. The stock was seen trading at Rs 440.

Due to this increased profit

Due to the decline in bad loans or bad loans, SBI’s fourth quarter profit increased by 41 percent to a record 9,114 crores. A year ago, he had a profit of 6,451 crores. On a consolidated basis, the profit of the bank stood at Rs 9,549 crore.

Bank Of Baroda Benefit

Bank of Baroda (BoB) has made a profit of 1,779 crore in the March quarter of the financial year 2021-22. The profit in the same period a year ago was Rs 1047 crore. The total profit of the bank increased to Rs 7,272 crore during the whole year.

This bank also benefits

Union Bank has gained 8 percent more. The profit of the bank increased by 8 percent to 1440 crores in the fourth quarter. Talking about the whole year, the profit in the bank increased by 80 percent to 5232 crores. Gross NPAs declined to 11.11 per cent.

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