SBI Shares Up Nearly 5% As Q2 Net Profit Surges

Posted By: Staff
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Mumbai, Nov 6 (PTI) SBI stock today rose by nearly 5 per cent after the country's largest bank posted 25 per cent rise in standalone net profit for the second quarter ended September 30.

The stock climbed 4.48 per cent to Rs 244.70 on BSE. On NSE, it gained 4.66 per cent to Rs 244.80. The bluechip stock was the top gainer on Sensex and Nifty indices.

SBI Shares Up Nearly 5% As Q2 Net Profit Surges
State Bank of India: Quotes, News
BSE 242.50BSE Quote1.7 (0.70%)
NSE 242.75NSE Quote1 (0.41%)

State Bank of India today posted 25 per cent rise in standalone net profit at Rs 3,879.07 crore for the July- September quarter of the current financial year.

The state-owned bank had standalone net profit of Rs 3,100.41 crore in the same quarter of last fiscal. Its total income increased to Rs 46,854.81 crore during the quarter as against Rs 41,833.36 crore a year earlier.

On consolidated basis, the bank has reported net profit of Rs 4,991.70 crore for the quarter under review, compared with Rs 4,023.84 crore in the year-ago period.

PTI

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