SBIN Q2 : STANDALONE NET PROFIT UP 14.3% AT RS 23,038 CR (YOY), UP 9.1% (QOQ)

Total income up 6.5% at ₹1,43,796 Cr (YOY), down 0.02% (QOQ). Interest earned up 10.5% at ₹1,32,019 Cr (YOY), up 3.2% (QOQ); other income down 23.8% (YOY). Gross NPA 1.39% v 1.73% (YOY), 1.47% (QOQ); net NPA 0.36% v 0.42% (YOY), 0.38% (QOQ). Caution: Profit includes ₹7,288 Cr pre-tax exceptional gain on SBI Funds Management stake sale.

State Bank of India

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