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SBI reports 28 per cent spike in net profit at ₹18,331 crore for Q2FY25
The Statesman
|November 09, 2024
State Bank of India (SBI) on Friday reported a 28 per cent spike in net profit at Rs 18,331 crore for the quarter ended September 30, 2024.
In the year-ago period, it reported net profit of Rs 14,330 crore.
On a sequential basis, SBI's Q2 profit rose 7.6 per cent from Rs 17,035.16 crore.
SBI's net interest income came in at Rs 41,620 crore for the quarter under review, as against a NII of Rs 39,500 crore in Q2 FY24, clocking a Y-o-Y growth of 5.3 per cent.
State Bank of India's Chairman CS Setty during the post-earning press conference said that the deposits for the system grew by 11-13 per cent and credit by 13-14 per cent.
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