SBI Reports Record Q2 Profit of Rs 18,331 Cr, Up 28% Year-on-Year
State Bank of India (SBI) reported a 28% increase in net profit to Rs 18,331 crore for Q2 FY25, compared to Rs 14,330 crore in the same period last year. Interest income grew by 12.32%, and net interest income rose by 5.37%. The bank's asset quality improved, with a reduction in both gross and net non-performing assets. SBI also saw strong growth in total deposits and advances.
By Avi G
November 8, 2024