SBI reports Net profit loss of Rs 576.46 cr in Q2 of FY18

State Bank of India (SBI) country’s largest Bank has reported decline in consolidated net profit to Rs 576.46 crore in the second quarter ended September 30, 2018. The bank had reported a net loss of Rs 4,875.85 crore in the first quarter of the current fiscal due to higher provisioning for bad loans. Its total income (consolidated) rose to Rs 79,302.72 crore in the quarter under review, compared to Rs 74,948.51 crore in the year-ago period, SBI informed in a regulatory filing.Rajnish Kumar is the CMD of the SBI.