Economy
State Bank of India Reports 14.3% Q2 Profit Rise
The Hindu2h
THE BRIEF
1
State Bank of India reported a 14.28% year-on-year increase in net profit to ₹23,038 crore for the quarter ended September 30, 2026, aided by a 33.23% drop in loan-loss provisions to ₹2,759 crore.
2
Net interest income rose 14.69% to ₹49,143 crore, while the net interest margin improved by three basis points to 3.11% and gross non-performing assets fell 4.87% to ₹72,529 crore.
3
Gross advances grew 17.84% to ₹52.08 lakh crore, and Chairman C.S. Setty stated the bank aims to maintain its net interest margin above 3% going forward.