SBI Profit Rises 14% in Second Quarter
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State Bank of India is a big bank in India.
The bank made more money this year.
Its profit went up by 14%. This means the bank earned 14% more money than last year.
The profit was Rs 23,038 crore. This is for three months, called a quarter.
The bank's net interest income also went up. It rose by 15%. This is money the bank makes from loans.
Many other companies also showed their results this week.
These include Bajaj Finserv, Pfizer, and Lupin.
Some companies made more profit. Some companies made less profit.
People who watch the stock market look at these results. They want to know how well companies are doing.
Good results can make a company's stock price go up.
SBI's results show the bank is doing well.
Vocabulary15 words
- profit
- money a company earns after costs
- quarter
- three months of the year
- net interest income
- money a bank makes from loans minus what it pays
- stock
- a small part of a company that people can buy
- bank
- a place that keeps and lends money
- year-on-year
- comparing this year to the same time last year
- earnings
- money a company makes
- results
- numbers that show how a company did
- rise
- to go up
- company
- a business
- money
- what people use to buy things
- loan
- money a bank gives that must be paid back
- report
- to tell people information
- India
- a large country in Asia
- crore
- a number in India meaning ten million
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Quiz
Answer key
1. 14% 2. Rs 23,038 crore 3. Yes
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
State Bank of India is a big _____ in India.
The bank made more _____ this year.
Its profit went up by _____.
The profit was Rs _____ crore.
The bank's net interest income also went up. It rose by _____.
Many other _____ also showed their results this week.
These include Bajaj Finserv, Pfizer, and _____.
Some companies made more profit. Some made _____.
Good results can make a company's _____ price go up.
SBI's results show the bank is doing _____.
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