SBI Q2 Net Profit Rises 14% to Rs 23,038 Crore, NII Surpasses Estimates

State Bank of India reported a 14.3% year-on-year increase in net profit for Q2 FY27, reaching Rs 23,038 crore, driven by an exceptional gain of Rs 7,289 crore. Net interest income also rose by 14.7%, while asset quality improved; however, operating profit fell short of expectations, leading to a 1.7% decline in SBI shares.

Originally published by gnews