SBI Q2 net profit at Rs. 1582 crore

SBI Q2 net profit at Rs. 1582 crore

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SBI posted results for the second quarter ended 31st September, 2017.

Highlights
Financial Performance & Capital Adequacy
Net Profit at Rs.1,582 Cr in Q2FY18 and Rs.3,587 Cr in H1FY18 up by 383.83% and 2061% YoY respectively.

Operating Profit excluding exceptional & one-time items up by 11.40%YoY in Q2FY18

Operating Expenses increase contained at 2.28% YoY in Q2FY18 and 2.97% YoY in H1FY18

Domestic NIM at 2.59% shows improvement of 9 bps over Q1FY18

Capital Adequacy at 13.56% up by 25 bps over June 17

Gross NPA declines by 14 bps to 9.83% and Net NPA declines by 54bps to 5.43% in Q2FY18 from Q1FY18

Slippage Ratio declines to 1.85% in Q2FY18 from 5.38% in Q1FY18

Deposits of the Bank grew by 10.27% YoY from Rs.23,78,956 Cr as on September 16 to Rs.26,23,180 Cr as on September 17.