SBI got bumper profit, these 2 banks presented results, know how much NPA was, read full details


Public Sector Bank Q2 Results : The country’s largest bank State Bank of India has released the second quarter results (SBI Q2 Results). SBI has made a bumper profit in the second quarter. Also, some public sector banks have made a big splash in the second quarter. The results of many public sector banks have been released on Saturday. In the same second quarter i.e. July to September, these banks have made great profits.

How much profit was made in these banks
SBI has recorded the highest quarterly profit so far by 74 percent. The profit of Bank of Baroda has also increased by 59 percent. At the same time, the profit of Punjab and Sind Bank has increased by 27 percent in the second quarter.

SBI made bumper profit
SBI has made a bumper profit in the second quarter (SBI Q2 Results). SBI has made a profit of Rs 13,265 crore on a standalone basis in the July-September quarter of the current financial year. This is 74 percent more than the same period last year. In the same second quarter, the total income of the bank also increased to Rs 88,734 crore. It was Rs 77,689.09 crore in the same quarter 1 year ago. SBI’s net interest income grew 13 per cent to Rs 35,183 crore in the previous quarter. Whereas 1 year ago it was Rs 31,184 crore.

Decline in NPAs
Let us tell you that the gross non-performing assets (NPA) of SBI Bank has come down to 3.52 percent of the gross advances in the July to September quarter. Whereas in the same quarter 1 year ago it was 4.90 percent. The ratio of net NPAs i.e. bad loans has also come down to 0.80 percent of the total advances. In the same period a year ago, this ratio was 1.52 percent.

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Bank Of Baroda Q2 Results
Bank of Baroda has released the second quarter results (Q2 Results) on Saturday. The bank’s net profit has increased by 59 per cent to Rs 3,313 crore in the second quarter of the current financial year. The bank says that its profit has increased due to reduction in bad loans and increase in interest income. The bank had a net profit of Rs 2,088 crore in the same quarter last year.

Bank of Baroda posted a profit of 34.5%
The total income of Bank of Baroda increased to Rs 23,080.03 crore in the second quarter of the financial year 2022-23. It was Rs 20,270.74 crore last year. Its net interest income has also increased by 34.5 per cent to Rs 10,714 crore.

View NPA of BOB
Bank of Baroda Bank’s gross non-performing assets (NPA) declined to 5.31 per cent of gross advances at the end of September 2022. It was 8.11 percent in the same period a year ago. At the same time, the net NPA of the bank also came down from 2.83 percent to 1.16 percent. Due to this, the provision for bad loans and contingencies came down to Rs 1,627.46 crore in the quarter under review. It was Rs 2,753.59 crore in the same quarter last year.

BOB interest increased
The bank’s net interest margin has increased to 3.33 per cent and the capital adequacy ratio has come down to 15.25 per cent from 15.55 per cent in the quarter under review. Bank of Baroda’s net profit has increased from Rs 2,168 crore in the September quarter a year ago to Rs 3,400 crore in the September quarter of the current financial year.

Punjab And Sind Bank Q2 Results
Punjab and Sind Bank has released the second quarter result (Punjab And Sind Bank Q2 Results). The net profit of the bank has increased by 27 percent to Rs 278 crore in the second quarter of the current financial year. PSBs say that in the July-September quarter, its profit has increased due to reduction in the requirement of financial provision for bad loans. Its net profit stood at Rs 218 crore in the same quarter a year ago.

PSB’s increased income
The total income of the bank also increased to Rs 2,120.17 crore in the second quarter. Whereas in the same period of last 1 year it was Rs 1,974.78 crore. The gross non-performing assets (NPAs) of PSBs have come down to 9.67 per cent of gross advances in the second quarter of FY 2022-23. Last year this ratio was 14.54 percent. The net NPA of PSB Bank has come down to 2.24 percent. It was 3.81 percent at the end of the second quarter of last year. The financial provision of the bank has come down to Rs 125 crore. Whereas in the same quarter last year it was Rs 203 crore.

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