State Bank Of India

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Large Cap | Bank - Public
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SBI reports marginal fall in Q1 consolidated net profit

Date: 08-08-2022

State Bank of India (SBI) has reported results for first quarter ended June 30, 2022.

The bank has reported a fall of 6.70% in its net profit at Rs 6068.08 crore for the quarter under review as compared to Rs 6504 crore for the same quarter in the previous year. Total income of the bank decreased by 3.07% at Rs 74988.57 crore for Q1FY23 as compared Rs 77367.17 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a marginal fall of 0.15% in its net profit at Rs 7528.25 crore for the quarter under review as compared to Rs 7539.22 crore for the same quarter in the previous year. However, total income of the bank increased by 1.35% at Rs 94524.30 crore for Q1FY23 as compared Rs 93266.94 crore for the corresponding quarter previous year.