SBI Q2 net profit surges 25% to Rs 3,879 cr

New Delhi: SBI today posted a 25 percent rise in stand-alone net profit at Rs 3,879.07 crore for the second quarter ended September. The country’s largest bank had a stand-alone net profit of Rs 3,100.41 crore in the same quarter last year.[caption id=“attachment_2193965” align=“alignleft” width=“380”] Reaping profits. Reuters[/caption] Total income increased to Rs 46,854.81 crore during the quarter as against Rs 41,833.36 crore a year earlier. The bank has reported a consolidated net profit at Rs 4,991.70 crore for the said quarter compared with Rs 4,023.84 crore in the year-ago period. Total income has jumped to Rs 66,585.85 crore for the second quarter, from Rs 61,098.67 crore in the same period last year. The stock of SBI was trading 4.08 percent up at Rs 243.75 on BSE during afternoon trade. PTI