The lender's credit book saw a smart rise of 17.60 per cent on year to Rs 31.33 trillion, with domestic advances growing by 16.91 per cent YoY to Rs 20.49 trillion.
"SBI's total exposure to Adani group is 0.9 per cent of overall loan book. As of now, we don't envisage any challenge from the group to meet debt obligations. There are no lending against shares to the conglomerate," Dinesh Khara, chairman, SBI said.
SBI said domestic advances growth was driven by retail personal loans, which stood at Rs 11/24 trillion, up 18.10 per cent YoY, followed by corporate loans (Rs 9.25 trillion, up 18.08 per cent YoY).
Deposits, meanwhile, rose by 9.5 per cent on year, and 0.56 per cent quarter-on-quarter, to stand at Rs 42.13 trillion. State Bank said domestic CASA were Rs 18 trillion, while domestic term deposit were Rs 22.47 trillion.
Asset quality
The lender's gross non performing asset (NPA) ratio fell 136 bps YoY to 3.14 per cent for the quarter, while net NPA was 57 bps down to 0.77 per cent.
In absolute terms, gross NPAs fell 18 per cent on year to Rs 98,347 crore, and net NPAs declined 32 per cent to Rs 23,484 crore in the quarter.
"The Covid-19 pandemic across the globe resulted in decline in economic activities and movement in financial markets. ln this situation, Bank geared up to meet the challenges, and has been evaluating the situation on an ongoing basis and had proactively provided against the challenges of likely stress on the Bank's assets. Bank's management is not expecting any significant impact on bank's liquidity or profitability," SBI said.
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