SBI Reports 10.2% Profit Growth Despite Market Volatility

State Bank of India (SBI) reported a standalone net profit of ₹21,121 crore for Q1, marking a 10.2% year-on-year increase driven by higher interest income.

Despite the positive earnings, SBI shares fell over 1% on August 10, 2026, as investors reacted to broader market pressures and profit-taking after early gains.

Brokerages including Jefferies and Morgan Stanley maintain a bullish outlook, citing strong net interest margins (NIM) and robust loan growth as key indicators for future performance.