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SBI reports 4-fold jump in Q2 consolidated net profit

25 Oct 2019 Evaluate

State Bank of India (SBI) has reported results for second quarter ended September 30, 2019.

The Bank has reported over 3-fold jump in its net profit at Rs 3011.73 crore for the quarter under review as compared to Rs 944.87 crore for the same quarter in the previous year. Total income of the bank increased by 9.37% at Rs 72850.78 crore for Q2FY20 as compared Rs 66607.98 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported over 4-fold jump in its net profit at Rs 3645.83 crore for the quarter under review as compared to Rs 751.58 crore for the same quarter in the previous year. Total income of the bank increased by 12.67% at Rs 89347.91 crore for Q2FY20 as compared Rs 79302.22 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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