SBI Q2 Net Profit Rises 14% to ₹23,038 Crore on Stake-Sale Gain
State Bank of India reported net profit of ₹23,038 crore for the quarter ended September 30, 2026, up 14% year on year, aided by gains from selling its stake in SBI Fund Management.
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05:11:49 PM UTC
SquawkNews
While State Bank of India booked an exceptional gain of ₹7,288 crore following the sale of a stake in SBI Funds Management through its IPO, the ₹2,850-crore proceeds from its NSE share sale were conspicuously absent from the bank's reported profit and loss account. The difference, however, lies in…
State Bank of India reported a 14 per cent year-on-year increase in net profit at ₹23,038 crore for the quarter ended September 30, 2026, aided by gains from the sale of its stake in SBI Fund Management. The country’s largest lender had posted a profit after tax of ₹ 20,160 crore in the correspond…