State Bank of India Reports Quarterly Profit Rise

BRIEF-State Bank Of India Q2 Net Profit 230.38 Billion Rupees Nov 3 (Reuters) - State Bank of India

State Bank of India NSE:SBIN posted a more than 14% rise in second-quarter profit on Tuesday, driven by robust loan demand and gains from SBI Funds Management stake sale.The country's largest lender by assets reported a net profit of 230.38 billion rupees ($2.43 billion) for the quarter ended Septe…

State Bank of India NSE:SBIN

State Bank of India Ltd., India's largest lender, reported results for the September quarter that were higher than analyst expectations across parameters.Net Interest Income for India's largest lender grew by 14.7% from the year-ago quarter to ₹49,143 crore. A CNBC-TV18 poll was working with a figu…

State Bank of India (SBI), the country's largest lender, reported a net profit of Rs 23,038 crore for the September quarter of FY27, up 14.3 percent from Rs 20,160 crore in the corresponding quarter last year.The bank's net interest income (NII), the difference between interest earned and interest…