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State Bank of India Q2 net profit surges 25% to Rs 3,879 crore; shares up over 4%

sbi

New Delhi: State Bank of India on Friday posted a 25% rise in stand-alone net profit at Rs 3,879.07 crore for the second quarter ended September.

The stock of SBI was trading 4.08% up at Rs 243.75 on BSE during afternoon trade.

The country’s largest bank had a stand-alone net profit of Rs 3,100.41 crore in the same quarter last year.

Total income increased to Rs 46,854.81 crore during the quarter as against Rs 41,833.36 crore a year earlier.

The bank has reported a consolidated net profit at Rs 4,991.70 crore for the said quarter compared with Rs 4,023.84 crore in the year-ago period.

Total income has jumped to Rs 66,585.85 crore for the second quarter, from Rs 61,098.67 crore in the same period last year.

PTI