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SBI Q2 net decreases 35% at Rs 2538 cr, asset quality has worsened

The State Bank of India has posted a decrease of 34.6 percent for its net profit at Rs 2538 crore for July-September from Rs 3879 crore of corresponding quarter last fiscal.

Its net interest income (NII) during the quarter increased marginally by 1.3 percent at Rs 14437 crore as compared to Rs 14,253 crore of a year ago period.

The gross non-performing asset (NPA) of the bank was at 7.14 percent versus 6.94 percent and net NPA was at 4.19 percent versus 4.05 percent on sequential basis.

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