Economy
SBI Q2 net profit rises 14% to ₹23,038 crore, but shares decline 1.7%
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THE BRIEF
1
State Bank of India reported a 14.28% year-on-year increase in standalone net profit to ₹23,038 crore for the second quarter ended September 30, 2026.
2
Despite beating Street estimates, SBI shares dropped 1.70% to close at ₹970 on Tuesday as intraday gains were erased.
3
The lender's loan book expanded 3.2% from the previous quarter to ₹52.08 lakh crore, supported by growth in retail, agriculture, and corporate advances.