 "On a consolidated basis, the bank’s net profit came in at Rs 6,909.95 crore.")
State Bank of India (SBI) on Friday reported standalone net profit of Rs 3,581 crore in the March quarter of FY20 (Q4FY20). The profit grew 326.93 per cent from Rs 838 crore clocked in the year-ago quarter (Q4FY19). Sequentially, the profit declined 35.85 per cent.
The profit was supported by one-time gain of Rs 2,731.34 crore from the stake sale in SBI Cards done during the quarter.
The shares of the bank jumped 9 per cent higher post the results to Rs 189.8 on the BSE. In comparison, the S&P BSE Sensex was at 34,303 level, up 322 points
The shares of the bank jumped 9 per cent higher post the results to Rs 189.8 on the BSE. In comparison, the S&P BSE Sensex was at 34,303 level, up 322 points
