State-owned State Bank of India today said merger of five associate banks is not under its active consideration.
"No such proposal has been formally taken up for approval. While the bank has always had plans to consider merger of associate banks eventually, a position which has been stated by the bank from time to time since long, the matter had not been under active consideration for quite some time," State Bank of India (SBI) said in a BSE filing.
"Going forward, the bank may examine the merger options afresh, when considered appropriate, but preparation of a possible roadmap would take a few months," it said.
SBI first merged its State Bank of Saurashtra with itself in 2008. Two years later in 2010, State Bank of Indore was merged with SBI.
The country's largest lender has five associate banks-State Bank of Bikaner and Jaipur, State Bank of Travancore , State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad.
Among these, State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore are listed entities.
Shares of the SBI closed at Rs 2690.65 per share, up 0.97 percent on the BSE today.
SBI reported an 8 percent decline in net profit at Rs 3,041 crore for the fourth quarter ended March 31, 2014 on account of higher provisioning against bad loans.
The bank had a net profit of Rs 3,299 crore on standalone basis in the January-March quarter of the previous fiscal.
The bank's total income rose to Rs 42,443 crore in Q4, 2013-14, from Rs 36,331 crore in the year ago period.
Provisions against bad loans increased significantly in Q4 to Rs 5,884 crore from Rs 3,974 crore in the year-ago period.
The gross Non Performing Assets (NPAs) as a percentage of total loan rose to 4.95 percent during the quarter, from 4.75 percent in the year ago period.
The net NPA also increased to 2.57 percent as compared to 2.10 percent in the March 31, 2013.
SBI stock price
On June 11, 2014, State Bank of India closed at Rs 2664.75, down Rs 38.6, or 1.43 percent. The 52-week high of the share was Rs 2833.85 and the 52-week low was Rs 1452.90.
The company's trailing 12-month (TTM) EPS was at Rs 145.88 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 18.27. The latest book value of the company is Rs 1471.22 per share. At current value, the price-to-book value of the company is 1.81.
Anda sedang membaca artikel tentang
Merger of associates not under active consideration: SBI
Dengan url
https://citraasa.blogspot.com/2014/06/merger-of-associates-not-under-active.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Merger of associates not under active consideration: SBI
namun jangan lupa untuk meletakkan link
Merger of associates not under active consideration: SBI
sebagai sumbernya
0 komentar:
Posting Komentar