State Bank of India net up by 40.3 pc in Q2

Mumbai, Oct 27: State Bank of India (SBI) has posted its net profit for the second quarter (Q2) ended September 30 at Rs 2,260 crore, as against Rs 1,611 crore during the corresponding period last year, registering an increase of 40.3 per cent.

The bank's net total income for the second quarter ended September 30 stood at Rs 17,910 crore, a Bank release said here on Monday, Oct 27. Its Net Interest Income (NII) for the second quarter ended September 30 also rose by 45 pc to Rs 5,455 crore from Rs 3,763 crore in the year-ago period. SBI's Capital Adequacy Ratio (CAR) for the second quarter ended September 30 was at 12.14 pc against 12.85 pc in the corresponding quarter of the previous year.

UNI