State Bank Of India

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State Bank of India’s consolidated net profit rises marginally at Rs 19680 crore in Q1

Date: 03-08-2024

State Bank of India has reported results for first quarter ended June 30, 2024 (Q1FY25).

The bank has reported 0.89% rise in its net profit at Rs 17035.16 crore for the quarter ended June 30, 2024 as compared to Rs 16884.29 crore for the same quarter in the previous year. Total income of the bank increased by 13.56% at Rs 122687.85 crore for Q1FY25 as compared to Rs 108038.83 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 5.04% rise in net profit at Rs 19680.80 crore for Q1FY25 as compared to Rs 18735.95 crore for the same quarter in the previous year. Total income of the bank increased by 14.96% at Rs 152125.05 crore for Q1FY25 as compared to Rs 132332.78 crore for the corresponding quarter previous year.