SBI posts 9.13% rise in consolidated net profit to Rs 16,099 crore in Q2 
News Updates

SBI posts 9.13% rise in consolidated net profit to Rs 16,099 crore in Q2

SBI on Saturday reported a 9.13 percent growth in consolidated net profit for the September quarter to Rs 16,099.58 crore

PTI

New Delhi: The country's largest lender State Bank of India (SBI) on Saturday reported a 9.13 percent growth in consolidated net profit for the September quarter to Rs 16,099.58 crore.

The state-run lender had reported a consolidated net profit of Rs 14,752 crore in the year-ago period and Rs 18,356 crore in the June quarter.

On a standalone basis, it posted a net profit of Rs 14,330.02 crore as against Rs 13,264.52 crore in the year-ago period.

Public Sector's voice PSU Watch is now on Whatsapp Channels. Click here to join

The bank, which controls over a fifth of the overall market and has the widest network in the country, reported a total income of over Rs 1.12 lakh crore for the quarter under review, up from Rs 88,733 crore in the year-ago period.

From an asset quality perspective, its gross non-performing assets ratio was at 2.55 percent as of September 30, an improvement from the 3.52 percent in the year-ago period and the 2.76 percent in the first quarter of the current fiscal.

Its overall capital adequacy stood at 14.28 percent as of September 30.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

PESB selects Rajeev Kumar Sinha and Nripendra Nath for Director (Technical) positions at CMPDIL

MOIL achieves record-breaking production in April–June quarter of FY 2025-26

NBCC signs MoU with NFDC for redevelopment of Siri Fort Auditorium complex

Stock markets climb in early trade amid optimism over India-US trade deal

Need to ensure washed coal replaces imported coal in coastal ICB power plants: MCL CMD