SBI, the country’s largest lender, reported a 9.13 percent increase in consolidated net profit for the September quarter to Rs 16,099.58 crore on Saturday.
In the previous year, the state-run institution posted a consolidated net profit of Rs 14,752 crore, and in the June quarter, it claimed a profit of Rs 18,356 crore. It reported a standalone net profit of Rs 14,330.02 crore, up from Rs 13,264.52 crore in the previous year.
SBI, which controls more than a fifth of the overall market and has the largest network in the country, recorded a total income of more than Rs 1.12 lakh crore for the quarter under review, up from Rs 88,733 crore the previous year.
In terms of asset quality, its gross non-performing assets ratio was 2.55 percent as of September 30, up from 3.52 percent the previous year and 2.76 percent in the first quarter of the current fiscal.
As of September 30, its overall adequacy was 14.28 percent.
Also read: S Jaishankar meets with Italian President to discuss partnership advancement
In a step towards diversifying India’s horticultural exports, Punjab has successfully shipped its first consignment…
India’s primary market experienced a surge in activity in June 2025 as investor sentiment toward…
Consumers spent over ₹34,000 crore on ITC’s non-cigarette fast-moving consumer goods (FMCG) products in the…
A ten-member delegation from the US state of Montana, comprising seven high school students and…
India will continue to expand faster than any G7 economy over the rest of this…
Global brokerage firm Morgan Stanley has expressed continued optimism about Indian equity markets heading into…