SBI Q2 Results 2022: Share Price Target

State Bank of India (SBI) on Saturday reported its highest-ever quarterly profit after tax of Rs 13,264.62 crore, up 74% on YoY, for Q2FY23

The largest PSU Bank reported a total income of Rs 88,733.86 crore in Q2FY23, up 14% YoY from Rs 77,689.09 reported last year same period

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SBI reported a 13% increase in the net interest income (NII) to Rs 35,183 crore for July- Sept 2022 end quarter, from Rs 31,184 crore in the year-ago quarter

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Gross NPAs eased to 3.52% in Q2FY23 from 3.91% in Q1FY23 and 4.9% in Q2FY22

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Net NPAs dropped to 0.8% in September 2022 quarter from 1% in June 2022 quarter and 1.52% in September 2021 quarter

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SBI has reported credit growth at 19.93% YoY with domestic advances growing by 18.15 % YoY.

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The largest commercial bank in India has reported foreign offices’ advances growth of 30.14 % on a YoY basis.

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The share price of the State Bank of India touched a 52-week high at 596.95 and closed 1.85% up at 595.70 per share ahead of Q2 results on 4 Nov 2022

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The research-based broking house Prabhudas Lilladher had given a target of Rs 650 per share on 4th Oct 2022.

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Click the Link Below to know the advantages of Prabhudas Lilladher account

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