"We had already said at our press conference during the quarterly (third) results press conference. I will say the same thing, that our profits were impacted due to rise in non-performing assets (NPAs)," Bhattacharya told reporters on the sidelines of the opening of the bank's Japan desk from here.

"In the next quarter too, NPAs will rise further that will affect our profits."

SBI's gross NPAs, or bad loans, soared to Rs 72,791.73 crore at the end of the December quarter as against Rs 61,991.45 crore a year earlier. The mounting pressure due to bad loans hit profitability of SBI as its consolidated profit plunged 67 percent to Rs 1,259.49 crore for the quarter on account of higher provisioning for bad loans.

Reeling under stressed assets, state-owned banks' third quarter performance can at best be described as dismal, with Bank of Baroda reporting a loss of over Rs 3,342 crore, the highest from any bank so far.

A total of 27 public sector banks have written off a staggering Rs 1.14 lakh crore for bad loans in 2012-15, with the last fiscal alone witnessing a steep 53 percent rise in write-offs as part of the balance-sheet clean-up.