Report
State Bank of India's Q2 standalone profit rises 14% to Rs 23,038 crore
State Bank of India's net interest income rose 15% year over year to Rs 49,143 crore; profit beat market estimates.
TLDR
Profit beat market estimates amid strong credit growth and a one-time gain from an earlier sale of shares in SBI's funds management unit. Gross advances rose 18% year over year to Rs 52.08 lakh crore as of September 30, while loan-loss provisions fell 33% to Rs 2,759 crore.
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