Mon, Nov 05, 2018
SBI posted a net profit of Rs 944.87 crore in Q2FY19, which was against net losses of Rs 4,875.85 crore in Q1FY19.
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The share price of SBI soared by over 5% after the announcement of result and finished at Rs 296.25 per piece up by Rs 10.80 or 3.78% on Sensex.
The bank post its merger with associates has been witnessing rise in stressed assets, higher provisions which has led to weak earnings.
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