State Bank Of India

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Large Cap | Bank - Public
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SBI reports 62% fall in Q2 consolidated net profit

Date: 05-11-2018

State Bank of India (SBI) has reported results for second quarter ended September 30, 2018.

The Bank has reported a fall of 40.26% in its net profit at Rs 944.87 crore for the quarter under review as compared to Rs 1,581.55 crore for the same quarter in the previous year. However, total income of the Bank marginally increased by 1.70% at Rs 66,607.98 crore for Q2FY19 as compared Rs 65,492.63 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported a fall of 61.50% in its net profit at Rs 751.58 crore for the quarter under review as compared to Rs 1,952.30 crore for the same quarter in the previous year. However, total income of the Bank increased by 5.81% at Rs 79,302.72 crore for Q2FY19 as compared Rs 74,948.51 crore for the corresponding quarter previous year.