State Bank of India (SBI) has reported a net profit of Rs 20,159.67 crore, up 9.97% year-on-year (YoY), from Rs 18,331.44 crore. Net Interest Income (NII) stood rose 3.3% year-on-year to Rs 42,985 crore from Rs 41,620 crore in Q2FY25.

Revenue from operations stood at Rs 1,19,653.93 crore from Rs 1,13,870.56 crore in a year ago period.

The PSU bank divested 13.18% of its equity holding in Yes Bank on 17 September at Rs 21.50 per share, generating a profit of Rs 4,593.22 crore. The bank had also divested entire 14.96% stake in Jio Payments Bank to Jio Financial Services for Rs 13.22 per share.

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