SBI quarterly results: Bank shares decline despite loan growth, better asset quality in Q2
60-Word AI Digest
SBI reported a 14.28% year-on-year rise in second-quarter net profit to ₹23,038 crore, supported by loan growth and a one-time gain from selling shares in SBI Funds Management. Asset quality improved, but the bank’s shares fell 1.70% to ₹970 despite results exceeding analyst estimates.
Key Takeaways
- SBI reported a 14.28% year-on-year rise in second-quarter net profit to ₹23,038 crore, supported by loan growth and a one-time gain from selling shares in SBI Funds Management.
- Asset quality improved, but the bank’s shares fell 1.70% to ₹970 despite results exceeding analyst estimates.
- Full details and original dispatch available below.
SBI reported a 14.28% year-on-year rise in second-quarter net profit to ₹23,038 crore, supported by loan growth and a one-time gain from selling shares in SBI Funds Management. Asset quality improved, but the bank’s shares fell 1.70% to ₹970 despite results exceeding analyst estimates.
Original Publisher Attribution
This summary was curated from What it means to investors.