Net interest income (NII) or the core income a bank earns by giving loans increased 22 percent to Rs 17,606.01 crore from Rs 14,437.31 crore a year ago.
Aluminium maker Hindalco today reported a marginal fall of 1.5 per cent in standalone net profit to Rs 289.60 crore for the first quarter ended June 30.
Total expenses of the company were at Rs 10,126.23 crore in the quarter under review as against Rs 7,972.41 crore during the year-ago period. The bank, she said, had been able to bring down the cost of deposits by increasing the percentage of CASA in the overall deposit base.
The bank's total consolidated income during the April-June quarter of 2017-18 stood at Rs 70,776.56 crore, SBI said in a regulatory filing.
SBI had reported a net profit of Rs 867.32 crore in the same quarter of last fiscal. "Historical data has been arrived at by aggregating the audited numbers of the erstwhile Associate Banks, Bharatiya Mahila Bank and SBI for comparison purposes", the statement said.
However, net interest income decreased by 3.51 per cent to Rs 17,606 crore from Rs 18,246 crore year earlier.
State Bank of India (SBI) provision coverage ratio as on June 30, 2017 stood at 60.79 per cent.
It was at Rs 867.32 crore in the same period year ago. Interest outgo during the quarter was down 19 per cent at Rs 488 crore (Rs 600 crore) due to pre-payment of loan.
Revenues from copper segment were up 51 per cent at Rs 5,403 crore, driven by higher volume and higher copper LME realisation.
MMTC's scrip closed at Rs 57.20, down 0.95 per cent at the end of the day's trading on the Bombay Stock Exchange from its previous close.