[ad_1]
Shares of State Bank of India on Monday soared over 3 percent after the state-owned bank reported the highest quarterly profit of Rs 13,265 crore for the second quarter of FY23.
The shares rose 3.44 percent to settle at Rs 614.20 apiece on the BSE.
On the NSE, it climbed 3.34 percent to end at Rs 613.80 apiece.
In terms of volume, 16.79 lakh shares were traded on the BSE and over 4.42 crore shares on the NSE during the day.
The market valuation of State Bank of India (SBI) advanced by Rs 18,250.83 crore to Rs 5,48,149.65 crore.
The 30-share BSE Sensex jumped 234.79 points or 0.39 percent to 61,185.15.
On Saturday, SBI posted the highest quarterly profit at Rs 13,265 crore, up 74 percent year-on-year, for the September quarter of FY23, supported by robust loan sales, higher interest income and lower provisions.
The country’s largest lender earned a profit of Rs 7,627 crore in the same quarter a year ago.
The public sector lender’s total income increased to Rs 88,734 crore during the quarter under review from Rs 77,689.09 crore in the September quarter of last fiscal.
On a consolidated basis, SBI Group reported 66 percent growth at Rs 14,752 crore for the second quarter ended September 30 against Rs 8,890 crore in the second quarter of the previous fiscal.
The total income of the SBI group rose to Rs 1,14,782 crore in the quarter under review, compared to Rs 1,01,143.26 crore in the year-ago period.
(This story has not been edited by Devdiscourse staff and is automatically generated from a syndicated feed.)
[ad_2]
Source link