
State Bank of India (SBI), India's largest lender, announced its September quarter results. SBI reported an 8% year-on-year (YoY) growth in its Q2FY24 standalone net profit at ₹14,330 crore. The lender’s net interest income during the quarter ended September 2023 increased 12.3% YoY to ₹39,500 crore. Asset quality improved sequentially. Its gross non-performing assets ratio was at 2.55% as of September 30, an improvement from 3.52% in the year-ago period and 2.76% in the first quarter of the current fiscal. Watch Exclusive Chat With SBI Chairman Dinesh Kumar Khara On Q2 Results.