SBI on Friday (November 8, 2024) reported a 23% on-year jump in consolidated net profit at ₹19,782 crore for the quarter ended September 30, 2024.
The consolidated net profit for the corresponding period last year stood at ₹16,099 crore.
On a standalone basis, the country's largest lender reported a net profit of ₹18,331 crore, as against ₹14,330 crore in the year ago period and ₹17,035 crore in the preceding quarter.
The total income of the bank which has seen a leadership transition with C S Setty taking over as the chairman in August rose to ₹1.29 lakh crore, from ₹1.12 lakh crore in the year-ago period.
The total expenditure moved up to ₹99,847 crore in the quarter under review, from ₹92,752 crore in the year-ago period.
Provisions for bad assets nearly doubled to ₹3,631 crore from ₹1,814 crore, and the gross non-performing assets ratio stood at 2.13% as on September 30, as against 2.21% in June.
Published - November 08, 2024 02:53 pm IST
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
