SBI Q3 Results: Profit jumps 24% YoY to Rs 21,028 crore, NII rises 9%
India’s largest public sector lender State Bank of India (SBI) on Saturday reported 24% year-on-year (YoY) growth in its standalone net profit at Rs 21,028 crore in the third quarter. Net interest income for the same period increased 9% YoY to Rs 45,190 crore.
The company’s operating profit (before provisions and contingencies) grew 40% YoY to Rs 32,862 crore.
The profit reported during the quarter was highest-ever for the bank, which came on the back of healthy loan growth.
More to come…
