State Bank of India disclosed that the Reserve Bank of India's risk assessment of the bank found a divergence of 119.32 billion rupees in gross nonperforming assets for the fiscal year ended March 31.

The bank said the central bank calculated its gross nonperforming assets at 1.847 trillion rupees as of March 31, as compared to the bank's own calculation of 1.728 trillion rupees for the period, according to a Dec. 10 stock exchange filing.

Similarly, Reserve Bank of India assessed State Bank of India's net NPAs for the period to be 778.27 billion rupees, as compared to the bank's disclosed figure of 658.95 billion rupees, reflecting a divergence of 119.32 billion rupees.

In addition, the central bank assessed the bank's provisions to be 1.189 trillion rupees, compared to the bank's own reported provisions figure of 1.069 trillion rupees, reflecting a divergence of 120.36 billion rupees.

After taking into account the divergence in provisioning, the bank has reported a net loss after tax of 69.68 billion rupees for the fiscal year ended March 31, compared to the net profit after tax of 8.62 billion rupees that it previously reported for the period.

After the adjustment in the bank's earnings for the fiscal year ended March 31, the remaining impact on gross NPAs and net NPAs for the fiscal third quarter is 31.43 billion rupees and 6.87 billion rupees, respectively, while the remaining impact on provisions is 46.54 billion rupees.

As of Dec. 10, US$1 was equivalent to 70.84 Indian rupees.