State Bank of India (SBI), which is the nation’s largest lender, on Saturday reported a 9.13 per cent rise in its consolidated web revenue to Rs 16,099.58 crore for the September 2023 quarter. SBI’s complete earnings throughout July-September 2023 stood at over Rs 1.12 lakh crore, greater as in contrast with Rs 88,733 crore within the 12 months-in the past interval.
On a standalone foundation, it posted a web revenue of Rs 14,330.02 crore as in opposition to Rs 13,264.52 crore within the 12 months-in the past interval, in line with a regulatory submitting.
The state-owned lender’s consolidated web revenue had stood at Rs 14,752 crore within the 12 months-in the past interval and Rs 18,356 crore within the June 2023 quarter.
SBI controls over a fifth of the general market and has the widest community within the nation.
From an asset high quality perspective, its gross non-performing belongings ratio was at 2.55 per cent as of September 30, an enchancment from the three.52 per cent within the 12 months-in the past interval and the two.76 per cent within the first quarter of the present fiscal. Its total capital adequacy stood at 14.28 per cent as of September 30.
