SBI Q2 Results: Core income grows nearly 15%, asset quality stable; Stock cools from highs
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓State Bank of India reported a 14.7% growth in net interest income to ₹49,143 crore for the September quarter.
- ✓The bank’s net profit rose 14.3% to ₹23,037 crore, beating analyst expectations.
- ✓Asset quality remained stable as gross NPA fell to 1.39%.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Net Interest Income for State Bank of India, the country's largest lender grew by 14.7% from the year-ago quarter to ₹49,143 crore. A CNBC-TV18 poll was working with a figure of ₹47,901 crore.
State Bank of India Ltd., India's largest lender, reported results for the September quarter that were higher than analyst expectations across parameters.
Net Interest Income for India's largest lender grew by 14.7% from the year-ago quarter to ₹49,143 crore. A CNBC-TV18 poll was working with a figure of ₹47,901 crore.
Net profit for the period stood at ₹23,037 crore, higher than the CNBC-TV18 poll figure of ₹22,859 crore. On a year-on-year basis, SBI's profit grew 14.3%.
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