- Wealth PMS (50L+)
State Bank of India announced results today and they started off well, but ended badly. First, their profits were up 23%, to 3700 cr. from 3071 cr.
Non performing assets (NPAs) which have been SBI's bane in recent times, have supposedly fallen from 4.9% in the December quarter to 4.25% in the March quarter. This sounds good but as it turns out, the devil is . . .