SBI: A year of bad loans

The key factor in State Bank of India’s financial results was the extent of the increase in bad loans. The table shows that gross non-performing assets have increased 18% during the December 2011 quarter. Year-on-year, the percentage increase has been a stunning 71%. Gross NPAs as a percentage of advances have moved up to 4.61% at the end of December 2011 compared to 4.19% at the end of September 2011, and 3.52% as on 30 June 2011.

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