Economy
SBI Q1 Net Profit Jumps 10% to ₹21,121 Crore, Beating Estimates
Moneycontrol1h
THE BRIEF
1
State Bank of India (SBI) reported a 10% year-on-year rise in net profit to ₹21,121 crore for the first quarter ending June 2026.
2
The bank's Net Interest Income (NII) grew by 12%, supported by healthy loan growth and improved asset quality across its retail and corporate portfolios.
3
Following the announcement, SBI shares surged over 3% on the stock exchange, outperforming market expectations for the quarter.