Published On: Friday, February 3, 2023 | By: Team KnowMyStock
The bank's asset quality improved, reflected in its gross non-performing assets (NPAs) as a percentage of total loans, which contracted by 38 basis points sequentially to 3.14 percent. SBI reported credit growth of 17.6 percent for the October-December period compared with the year-ago period, with an expansion of 16.91 percent in domestic advances.
“The domestic advances growth was driven by retail personal advances followed by corporate advances,” the company said.
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