SBI Q2 results: Net profit rises 14% to Rs 23,038 crore
Economic Times
What the coverage says
State Bank of India reported a fourteen percent year-on-year increase in standalone net profit to reach Rs 23,038 crore for the second quarter. Net interest income climbed fifteen percent to Rs 49,143 crore, which NDTV Profit noted came in above estimates. Mint added that the profit was aided by loan growth alongside a one-time gain from selling shares in SBI Funds Management, while NDTV Profit specifically highlighted improving asset quality. Despite these financial metrics and strengthening asset quality reported by Mint and NDTV Profit, the bank's shares dropped 1.70 percent to Rs 970 according to Mint.
Written by HeadlineShine from 4 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- Economic Times first reported it
- NDTV Profit reported it
- Times of India reported it
- Mint reported it
- Latest update
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