SBI Q2 consolidated profit surges 69% to ₹8,890 crore
The Hindu
The bank’s net profit was ₹5,245.88 crore in the July-September quarter of previous fiscal, SBI said in a regulatory filing
The country’s largest lender State Bank of India (SBI) on November 3 reported a 69% jump in its consolidated net profit at ₹8.889.84 crore for the second quarter ended September 30 on account of decline in bad loans.
The bank’s net profit was ₹5,245.88 crore in the July-September quarter of previous fiscal, SBI said in a regulatory filing.
The total income of the SBI group rose to ₹1,01,143.26 crore in the quarter under review, compared to ₹95,373.50 crore in the year-ago period.
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