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Mumbai: State Bank of India, one of the country's largest banks, has recently released its quarterly results. SBI has released the business results for the months of July to September of the current financial year i.e. year 2024-25. On the basis of which it has been found that SBI has achieved an increase of approximately 23 percent in net profit on annual basis. After this increase, the profit figure has increased to Rs 19,782 crore.

If we talk about the figures of the second quarter of the last financial year of this bank, then in the second quarter of the last financial year i.e. in the month of July to September, this bank has made approximately
Earned a consolidated net profit of Rs 6,099 crore.

Profit on standalone basis

While giving information about the quarterly results on Friday, SBI said that its net profit on standalone basis during July-September period was Rs 18,331 crore, which was Rs 14,330 crore in the same quarter a year ago. In the last quarter i.e. from April to June it was Rs 17,035 crore.

total income increased

During the period under review, the total income of the bank has increased to Rs 1.29 lakh crore, which was Rs 1.12 lakh crore in the same period a year ago. The total expense of the bank has increased to Rs 99,847 crore in the second quarter, which was Rs 92,752 crore in the same quarter of the last financial year.

New chairman appointed

The bank's provision for bad loans almost doubled from Rs 1,814 crore to Rs 3,631 crore. The bank's gross non-performing assets (NPA) ratio stood at 2.13 percent as on September 30, whereas it was 2.21 percent in June. It is noteworthy that C.S. Shetty was appointed chairman of SBI in August.

oldest bank

SBI is one of the largest and oldest banks in India. On 14 September 2022, State Bank of India became the third lender (after HDFC Bank and ICICI Bank) and seventh Indian company to cross ₹5 trillion market capitalization on Indian stock exchanges for the first time.

(with agency input)