State Bank of Bikaner and Jaipur (SBBJ) shares fell as much as 4 per cent on Thursday, after the state-run lender swung into a loss in the June quarter. State Bank of Bikaner and Jaipur reported a net loss of Rs 221 crore compared with net profit of Rs 193 crore during the same period last year.
SBBJ's non-performing assets or bad loans rose sharply higher in the first quarter, with gross NPA rising to 6.2 per cent of advances in Q1 from 4.52 per cent during the previous quarter. SBBJ's net non-performing assets came in at 3.65 per cent of advances as against 2.75 per cent in the March quarter.
SBBJ shares underperformed the benchmark indices and closed 2.62 per cent lower at Rs 172.
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