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SBI beats the Street with 8% jump in Q2 net profit at Rs 14,330 cr

The Street had pegged a net profit of Rs 14,221 crore for State Bank of India for Q2. ....

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SBI Q2 results: Provision write back helps SBI as wage costs rise

Net profit increased to Rs 14,330 crore in the quarter ended September 2023 from Rs 13,265 crore a year earlier due to a 12% growth in advances, led by a 23% growth in loans to small and medium enterprises (SMEs). Total provisions fell sharply to Rs 115 crore in September 2023 from Rs 3039 crore a year earlier because the bank benefited from a Rs 1295 crore write back from accounts which recouped delayed payments earlier. Net profit was in line with a poll of analysts by Bloomberg which had predicted Rs 14,329 crore. ....

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With ₹14,752 cr net, SBI beats RIL to become most profitable company in Q2

RIL s net income includes ₹4,729 crore from Jio Platforms and ₹4,404 crore from the retail business, both before tax earnings ....

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168% up from a 52-week low! Should you invest in this public sector bank post Q2 results?

State Bank of India (SBI), which is hovering at a record high, has amazed investors with its outperformance on Dalal Street in the recent past. ....

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SBI Q2 Net Profit surges 67%, bank registers highest quarterly Net Profit of Rs 7,627 crores

The bank's Operating Profit increased by 9.84% YoY to Rs 18,079 crores in Q2FY22 from Rs 16,460 crores in Q2FY21. ....

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