SBI Q2 Net Profit Rises 14% to Rs 23,038 Crore
State Bank of India's net profit for Q2 FY27 increased by 14.3% to Rs 23,038 crore. This growth was driven by a 14.7% rise in net interest income to Rs 49,143 crore and a 33% reduction in loan loss provisions to Rs 2,759 crore, reflecting improved asset quality. The net interest margin also improved to 3.1% from just over 3% last year.
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