State Bank Of India

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SBI reports 4% fall in Q3 consolidated net profit

Date: 04-02-2021

State Bank of India (SBI) has reported results for third quarter ended December 31, 2020.

The bank has reported a fall of 6.93% in its net profit at Rs 5196.22 crore for the quarter under review as compared to net profit at Rs 5583.36 crore for the same quarter in the previous year. Total income of the bank decreased by 1.06% at Rs 75980.65 crore for Q3FY21 as compared Rs 76797.91 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a fall of 4.20% in its net profit of Rs 6257.55 crore for the quarter under review as compared to net profit at Rs 6531.95 crore for the same quarter in the previous year. However, total income of the bank increased by 1.88% at Rs 97182.15 crore for Q3FY21 as compared Rs 95384.28 crore for the corresponding quarter previous year.