State Bank of India has reported results for first quarter ended June 30, 2019.
The bank has reported a net profit of Rs 2,312.20 crore for the quarter under review as against net loss of Rs 4,875.85 crore for the same quarter in the previous year. Total income of the bank increased by 7.88% at Rs 70653.23 crore for Q1FY20 as compared Rs 65492.67 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a net profit of Rs 3,383.79 crore for the quarter under review as compared to net loss of Rs 4,056.23 crore for the same quarter in the previous year. Total income of the bank increased by 11.32% at Rs 83486.01 crore for Q1FY20 as compared Rs 74993.91 crore for the corresponding quarter previous year.
