Mumbai: SBI on Friday reported a 23 per cent on-year leap in consolidated web income at Rs 19,782 crore for the quarter ended September 30, 2024.
The consolidated web income for the corresponding interval last yr stood at Rs 16,099 crore.
On a standalone basis, the nation’s largest lender reported a web income of Rs 18,331 crore, as in the direction of Rs 14,330 crore throughout the yr previously interval and Rs 17,035 crore throughout the earlier quarter.
The entire income of the monetary establishment which has seen a administration transition with C S Setty taking up as a result of the chairman in August rose to Rs 1.29 lakh crore, from Rs 1.12 lakh crore throughout the year-ago interval.
The entire expenditure moved as a lot as Rs 99,847 crore throughout the quarter beneath analysis, from Rs 92,752 crore throughout the year-ago interval.
Provisions for harmful property virtually doubled to Rs 3,631 crore from Rs 1,814 crore, and the gross non-performing property ratio stood at 2.13 per cent as on September 30, as in the direction of 2.21 per cent in June.
The SBI scrip was shopping for and promoting 1.60 per cent down at Rs 845.50 a piece on the BSE at 1412 hrs as in the direction of a 0.14 per cent correction on the benchmark.
