Business
SBI Profit Jumps 10%
Beats estimates with ₹21,121 crore net profit, driven by 18.6% loan growth
State Bank of India's (SBI) net profit for the first quarter (Q1) rose by 10% year-over-year (YoY). The bank's Q1 net profit stood at Rs 21,121 crore.
SBI's net interest income grew by 15% YoY, with interest income of ₹46,992 crore. The bank's gross advances grew by 18.6% YoY. Additionally, SBI's total business surpassed ₹110 lakh crore.
