SBI Q2 advances reach ₹52 lakh crore, deposits rise 12.2%
In short
SBI said its gross advances were ₹52 lakh crore in the quarter, up 17.8% from a year earlier. Deposits were ₹63 lakh crore, up 12.2%, and SME and agri advances each grew 22%.
This matters because it shows the bank is still growing lending and deposits. The report says slippages eased and margins improved, but the exact figures are not stated in the available reporting.
What the reporting says
SBI reported gross advances of ₹52 lakh crore in the quarter, up 17.8% year on year, while deposits stood at ₹63 lakh crore, up 12.2%. SME and agri advances both grew 22% from a year earlier. The available summary says slippages moderated from the June quarter and margins improved, but it does not provide the underlying figures or explain the driver of the loan and deposit growth.
Why it matters
SBI reported quarterly gross advances of ₹52 lakh crore, up 17.8% year on year, and deposits of ₹63 lakh crore, up 12.2%. SME and agri advances each grew 22%. The source also says slippages moderated from the June quarter and margins improved, but it does not disclose the detailed slippage numbers or the reason for the trend.