Home / Finance / News / SBI profit up 81% in June quarter to Rs 4,189 cr, moratorium down at 9.5%

SBI profit up 81% in June quarter to Rs 4,189 cr, moratorium down at 9.5%

A one-time gain of Rs 1,540 crore from the stake sale in its life insurance subsidiary and robust interest income were the key factors for the rise in profits Q1FY21

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SBI Chairman Rajnish Kumar

3 min read Last Updated : Aug 01 2020 | 3:23 PM IST

State Bank of India (SBI) has reported a 36.8 cent rise in profit before tax (PBT) to Rs 5,560 crore in the June 2020 quarter (Q1FY21), compared to Rs 4,063 crore in the year-ago quarter.

A one-time gain of Rs 1,540 crore from the stake sale in its life insurance subsidiary and robust interest income were the key factors for the rise in profits Q1FY21. Net profit surged 81.1 per cent to Rs 4,189 crore from Rs 2,312 crore last year.

Net interest income (NII) grew 16.1 per cent year-on-year (YoY) to Rs 26,642 crore, from Rs 22,939

Topics : sbi corporate earnings Q1 results

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