SBI Q2 Results

While the bank believes higher margins and lower credit costs will propel its return on assets by FY21, some analysts expect NPAs may remain elevated

Net profit stood at Rs 3,012 crore, as against Rs 945 crore for Q2FY19

US market regulator SEC may seek cooperation from its Indian counterpart Sebi in its probe into Infosys, which has been rocked by whistleblower complaints of several alleged irregularities

The gross non-performing assets came in at Rs 1.61 lakh crore, down nearly 5 per cent QoQ, from Rs 1.68 lakh crore reported in Q1FY20

The largest public lender reported a net profit of Rs 944.9 crore in the corresponding quarter of the previous fiscal, and Rs 2,312.2 crore in Q1FY20

Net segment revenue for the quarter stood at Rs 666.08 billion against Rs 654.3 billion in the September quarter of last fiscal.

The bank's domestic loan growth is likely to improve (but below industry average), driven by retail loans and some corporate lending. However, international book is expected to decline.