SBI Q2 Net Profit Rises 14% to Rs 23,038 Crore
State Bank of India reported a 14% increase in net profit for the July-September quarter, reaching Rs 23,038 crore. The bank's total income rose significantly year-on-year. Asset quality improved with a notable decline in gross non-performing assets. Provisions for bad loans decreased, and the capital adequacy ratio increased, indicating stronger financial stability.
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