SBI Q2 Results: Standalone profit rises 14% YoY to Rs 23,038 crore, NII jumps 15%
State Bank of India achieved a commendable 14% growth in net profit for the second quarter, reaching Rs 23,038 crore. Its net interest income surged 15% year-on-year, totaling Rs 49,143 crore, fueled by an expanding loan portfolio. Gross advances experienced an 18% increase to Rs 52.08 lakh crore, with significant gains in various sectors. Moreover, SBI improved its asset quality with gross non-performing assets declining to 1.
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