Financial Insights

SBI Q2 profit jumps by 67% to INR 7,627 crore with easing asset quality pressure

The asset quality is improved during the quarter as gross non-performing assets percentage falls from 5.32 percent to 4.9 QoQ.

It reported standalone profit at INR 7,627 crore in the quarter ended September’21 with an increase of 66.7 percent comparing with INR 4,574.16 crore in Q2 FY21.

The net interest income (the difference between interest earned and interest expended) grew by 10.7 percent to INR 31,183.90 crore YoY in Q2 FY22.

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