State Bank Of India

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Large Cap | Bank - Public
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State Bank of India reports 48% rise in Q2 consolidated net profit

Date: 04-11-2020

State Bank of India has reported results for second quarter ended September 30, 2020.

The Bank has reported 51.88% rise in its net profit at Rs 4574.16 crore for the quarter under review as compared to net profit of Rs 3011.73 crore for the same quarter in the previous year. Total income of the bank increased by 3.42% at Rs 75341.80 crore for Q2FY21 as compared Rs 72850.78 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 48.22% in its net profit at Rs 5403.81 crore for the quarter under review as compared to net profit of Rs 3645.83 crore for the same quarter in the previous year. Total income of the bank increased by 6.74% at Rs 95373.50 crore for Q2FY21 as compared Rs 89347.91 crore for the corresponding quarter previous year.