BusinessPhoto: Mint CompaniesSBI Q2 Profit Rises 14% on Loan Growth and Stake Sale
State Bank of India reported a 14% rise in net profit to 230.38 billion rupees ($2.43 billion) for the quarter ended September 30, driven by strong loan demand and gains from selling a nearly 6% stake in SBI Funds Management. Credit growth was robust across business and retail segments, supported by foreign currency deposits from NRIs. Net interest income grew 14.7% to 491.43 billion rupees.
Mint Companies·


