Business
SBI Q1 Profit Rises 10% YoY
SBI's Q1 net profit beats estimates, driven by strong loan growth and net interest income
BusinessNewsNation247
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.
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