SBI Q3 result: Lender logs 41% YoY rise in profit at Rs 5,583 cr; NPAs dip

During the quarter under review, the bank's credit book grew 6.79% YoY to Rs 23.01 trillion, up from Rs 21.55 trillion. The retail loans have jumped 17.49% YoY, while corporate loans slipped 0.48%

State Bank of India (SBI) Friday posted a 41.17 per cent year-on-year growth in the standalone net profit at Rs 5,583.36 crore – its highest ever quarterly net profit-- for the December quarter of FY20 (Q3FY20). During the December quarter of FY19, the bank had posted a net profit of Rs 3,955 crore. 

Sequentially, the net profit grew 85.38 per cent, from a profit of Rs 3,012 crore reported in the September quarter of the current fiscal (Q2FY20).

On a consolidated basis, the bank reported a net profit of Rs 6,531.95 crore.

“During the quarter, the bank exercised the option