Kumar said nearly the entire second list of the stressed accounts will go to NCLT.
Gross NPAs' ratio fell to 9.83 per cent from 9.97 per cent in the last quarter, while the net bad loan ratio decreased relative to the previous quarter to 5.43 per cent from 5.97 per cent. But standalone profit of the top state run lender missed the market's estimate as it dropped significantly 37 per cent year-on-year to Rs 1,581.55 crore from Rs 2,538.32 crore.
Gross bad loans as a percentage of total loans stood at 9.83 percent at end-September compared with 9.97 percent at end-June. The bank ascribed the drastic profit fall to higher provisioning for bad loans particularly of those defaulters who are being tried in the National Company Law Tribunal under the Insolvency and Bankruptcy Code.
On asset quality, the chairman said "we are capable of handling NPAs and well emerge stronger".
The bank parked a part of the IPO proceeds from SBI Life for accelerated provisioning taking its provision coverage ratio to 65.10 per cent. "The effort will be to strengthen it further", he added. Retail franchise is giving us tremendous support.
EBITDA for the quarter fell by 19.2% to Rs 181 cr as compared to corresponding quarter in the previous year with a corresponding margin contraction of 286 bps.
Net profit for the September quarter was Rs 1582 crores down from Rs 2538 crore a year ago.
Chinese search engine Sogou up 4% following IPO
Zhang said the company is ready to do more to compete in an intense market and needs to expand its users and advertising bases. Sogou then hovered around $13.50 for most of its first day of trading, closing the day at $13.51, up about 4 percent.
Have the Arsenal players had enough of Alexis and Ozil?
Sanchez came close to a move to Manchester City over the summer while Ozil has been linked with numerous clubs across Europe. Arsene Wenger was reluctant to let Sanchez leave last summer - especially to a rival Premier League club.
"Yes, this quarter we had some cushion available from the stake sale of SBI Life", he said.
"The rate at which the slippage ratio has started to come down, hopefully we are in for good times", he said.
Between April and September, the lender's staff strength declined by more than 10,000 - to 2,69,219, from 2,79,803 as 11,382 employees retired during the quarter and only 798 people joined the bank.
In line with its provisioning requirement against potential losses as directed by the RBI, State Bank has made 75 per cent of the requirement upfront in case all accounts are admitted to the NCLT. Net NPAs increased to Rs 97,896.29 crore as against Rs 60,013.45 crore.
Slippages from SBI's watchlist of potential bad loans amounted to Rs 10,424 crore, while the total watchlist stood at Rs 21,288 crore.
"The results were comforting to see and is probably the best set of numbers from SBI that we've seen in the recent past especially when there is still uncertainty over non performing loans issue", said Aalok Shah, a banking sector analyst at Mumbai's Centrum Broking.
One of America's biggest Olympic stars has come forward to accuse the former USA women's gymnastics team doctor of sexual abuse. He would carry out his attacks while treating the women for alleged injuries to their hip and back.
By and large this new development by T-mobile is promising and we hope that it lives up to the expectations of its users. Through an exclusive partnership with Netflix, T-Mobile One family plans come with Netflix at no extra charge.
We will get more details about the Exynos 9810 processor after it starts visiting various benchmarking sites. As of now, there is no information about the pricing and availability of the Galaxy J3 (2018) smartphone.
The increase in industrial production was better than analysts' forecasts, and the fastest growth seen since December past year . Despite this, the UK's trade performance during the third quarter as a whole worsened, according to the ONS data.
All other 2017-18 forecasts and 2016-17 estimates were unchanged with 2017 carryover at 301 million bus. Harvested area was forecast at a record 89.5 million acres, unchanged from October and up 8% from 2016.
According to the Pakistani government, Jadhav was working with Indian Intelligence Agency - RAW - when he was arrested. Kulbhushan Jhadav was sentenced to death by a military court while Army Chief upheld his conviction.
Gu Gu's name doesn't have a particular meaning, but the repetition of syllables in Mandarin has a cute effect. POTUS traveled to Vietnam, where he will attend meetings for the Asia-Pacific Economic Cooperation.
The business had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $2.84 billion. The company's quick ratio for most recent quarter is 0.2 along with current ratio for most recent quarter of 1.5.
Speaking to the Radio Times about the issue in October, Montague said the disparity in pay was "professionally damaging". This inequality carries through to later life, as women's retirement prospects are generally worse than men's.
'I Loved Him': Donna Brazile Chokes Up Over Seth Rich
But now she has a trusted Democrat insider exposing the unlawful and unprincipled practices of the Democrat party. Mark, I have been in politics all my adult life, the only children I have are the children that I have hired.
Chicago Bulls To Host 2020 NBA All-Star Game
The NBA announced in October a new format to the All-Star Game in an attempt to revitalize the competitiveness of it. But as the Cavs learned on Thursday, it will be another Midwest city hosting the 2020 All-Star Game.
Jeremy Piven denies new allegations of assault
The actor released a statement on Twitter Thursday after Scourby's accusation in People . "I would never force myself on a woman". The USA Today reported that the actor jumped on top of Scourby within five minutes of their chat sitting on a couch in his room.
US Senate race jarred by accusation
Supreme Court decision legalizing gay marriage by ordering probate judges not to give marriage licenses to same-sex couples. John McCain. "He should immediately step aside and allow the people of Alabama to elect a candidate they can be proud of".
Uber loses appeal against employment rights for workers
He said the decision relied on an assertion that drivers were required to take 80% of trips sent to them when logged into the app. Uber has lost its appeal on the employments rights of its drivers, the GMB union has said.
Escort admits to shooting man in head for bad oral sex
Details of the shooting were revealed after she made her first court appearance via video camera on Wednesday (8 November). Police were alerted when the man's boss reported that he had not signed in online for his work-from-home job.
Duterte offers to host 'world summit' on human rights
Critics say executions are taking place with zero accountability, allegations that the Philippines police reject. "You want to ask a question, I'll give you an answer". "When I was a teenager, I would go in and out of jail".