News > SBI reports 67% jump in Q2 net profit at ₹7,627 crore

SBI reports 67% jump in Q2 net profit at ₹7,627 crore

The Hindu Business Line | 03/11/2021 07:13 PM | Click to read full article

State Bank of India (SBI) reported a 67 per cent jump in second quarter standalone net profit at ₹7,627 crores against ₹4,574 crores in the year ago quarter on the back of a lower loan loss provision burden and healthy growth in net interest income.

The net interest income (difference between interest earned and interest expended) of India’s largest bank was up about 11 per cent year-on-year (YoY) to ₹ 31,184 crores (₹28,181.50 crores in the year ago quarter).