SBI Q2 results: Net profits increased by more than 27%

Quick Summary:

State Bank of India reported a net profit of Rs 18,331 crore in the second quarter of FY25, marking a 27.92% increase.

Net interest income also saw a rise of 5.37%, reaching Rs 41,620 crore.

The bank's credit grew by 14.93% year-on-year, reaching Rs 39.21 lakh crore, with significant growth in domestic advances, SME, and retail personal loans.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaKenya

Topics: SBI credit growth figures SBI financial results FY25 SBI net profit increase Business news SBI net interest income growth State Bank of India Q2 results

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 18:30:23 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 753 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23470302

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