Don't Buy SBI Bank Shares
State Bank Of India "INSURANCE" Shares fell almost 3% after making an year-on-year profit of 23% in TRADING . The profit has been increased to Rs. 3,740 Crores better than last years profit of Rs. 3,610 Crores. Net Interest Income increased to Rs. 14,712 Crores as compared to Rs. 12,903 Crores. "INSURANCE" of Non-Performing Assets decreased from 2.8% in 2014-15 to 2.12% in this quarter. Gross NPA has been decreased to 4.25% CREDIT this quarter from 4.9% the previous quarter. SBI Bank is looking to infuse in more capital to create SOFTWARE technology push in the banking sector. SBI Chairman Arundhati Bhattacharya said that the Indian Government and the Banks would discuss about how much money to invest in various sectors and how will the Bank use these funds to get more gain. Tier - 1 Capital Adequacy Ratio stood at 10.01% and Overall Capital Adequacy at 12.66% under Basel III Norms. SBI can raise Rs. 15,000 Crores from the market within this year. Banks Expe...