Web Revenue: SBI posts 9.13 per cent rise in consolidated internet revenue to Rs 16,099 crore in Q2

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Web Revenue: SBI posts 9.13 per cent rise in consolidated internet revenue to Rs 16,099 crore in Q2



MUMBAI: The nation’s largest lender SBI on Saturday reported a 9.13 per cent progress in consolidated internet revenue for the September quarter to Rs 16,099.58 crore. The state-run lender had reported a consolidated internet revenue of Rs 14,752 crore within the year-ago interval and Rs 18,356 crore within the June quarter.
On a standalone foundation, it posted a internet revenue of Rs 14,330.02 crore as towards Rs 13,264.52 crore within the year-ago interval.
The financial institution, which controls over a fifth of the general market and has the widest community within the nation, reported a complete revenue of over Rs 1.12 lakh crore for the quarter beneath assessment, up from Rs 88,733 crore within the year-ago interval.
From an asset high quality perspective, its gross non-performing belongings ratio was at 2.55 per cent as of September 30, an enchancment from the three.52 per cent within the year-ago interval and the two.76 per cent within the first quarter of the present fiscal.
Its total capital adequacy stood at 14.28 per cent as of September 30.