State Bank Of India

BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1017.15
-60.40 (-5.61%)
< Home < Back

State Bank of India reports 99% fall in Q2 consolidated net profit

Date: 11-11-2016

State Bank of India has reported results for second quarter ended September 30, 2016.

The Bank has reported 34.56% fall in its net profit at Rs 2538.32 crore for the quarter under review as compared to Rs 3879.07 crore for the same quarter in the previous year. However, the total income of the Bank increased by 8.30% at Rs 50742.99 crore for the quarter under review as compared Rs 46854.81 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported 99.59% fall in its net profit after taxes & Minority Interest at Rs 20.70 crore for the quarter ended September 30, 2016 as compared to Rs 4991.70 crore for the same quarter in the previous year. However, the total Income of the Bank has increased by 9.11% to Rs 72918.41 crore for quarter under review from Rs 66828.81 crore for the quarter ended September 30, 2015.