State Bank Of India

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Large Cap | Bank - Public
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SBI reports multi-fold jump in Q2 consolidated net profit

Date: 10-11-2017

State Bank of India (SBI) has reported results for second quarter ended September 30, 2017.

The Bank has reported 37.69% fall in its net profit of Rs 1581.55 crore for the quarter ended September 30, 2017 as compared to Rs 2538.32 crore for the same quarter in the previous year. However, the total income of the Bank increased by 28.94% at Rs 65,429.63 crore for Q2FY18 as compared Rs 50,742.99 crore for the corresponding quarter previous year.

On consolidate basis, the Bank has reported around 89-fold jump in its net profit after minority interest at Rs 1,840.43 crore for the quarter under review as compared to Rs 20.70 crore for the corresponding quarter in the FY17. Total consolidated income of the Bank rose marginally by 2.78% at Rs 74,948.52 crore for quarter under review as compared to Rs 72,918.41 crore for the same quarter ended previous year.