Mumbai: SBI on Friday reported a 23 per cent on-year leap in consolidated internet revenue at Rs 19,782 crore for the quarter ended September 30, 2024.
The consolidated internet revenue for the corresponding interval final yr stood at Rs 16,099 crore.
On a standalone foundation, the nation’s largest lender reported a internet revenue of Rs 18,331 crore, as towards Rs 14,330 crore within the yr in the past interval and Rs 17,035 crore within the previous quarter.
The whole revenue of the financial institution which has seen a management transition with C S Setty taking on because the chairman in August rose to Rs 1.29 lakh crore, from Rs 1.12 lakh crore within the year-ago interval.
The whole expenditure moved as much as Rs 99,847 crore within the quarter beneath evaluation, from Rs 92,752 crore within the year-ago interval.
Provisions for dangerous property almost doubled to Rs 3,631 crore from Rs 1,814 crore, and the gross non-performing property ratio stood at 2.13 per cent as on September 30, as towards 2.21 per cent in June.
The SBI scrip was buying and selling 1.60 per cent down at Rs 845.50 a chunk on the BSE at 1412 hrs as towards a 0.14 per cent correction on the benchmark.
