Business

SBI Q2 results: Net profit rises 14% to Rs 23,038 crore

State Bank of India reported a 14 percent increase in net profit for the July-September quarter. The bank’s total income also rose significantly compared to the same period last year. Asset quality showed improvement, with gross non-performing assets declining notably. Provisions for bad loans decreased, reflecting better financial health during the quarter. The bank’s capital adequacy ratio increased, indicating stronger financial stability moving forward.

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