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SBI’s Strong Loan Growth Drives Second-Quarter Profit Beat

Bloomberg Markets Tuesday 03 November 2026, 08:28 UTC By Siddhi Nayak 1 min read
Key Points

SBI’s Strong Loan Growth Drives Second-Quarter Profit Beat State Bank of India reported better-than-expected profit in the fiscal second quarter, as the country’s biggest lender by assets saw strong credit growth. Net income at the Mumbai-based lender grew 14% from a year earlier to 230.4 billion rupees ($2.4 billion) in the three months ended Sept. 30, beating market estimates of 226.19 billion rupees, according to an exchange filing on Tuesday.

SBI’s Strong Loan Growth Drives Second-Quarter Profit Beat State Bank of India reported better-than-expected profit in the fiscal second quarter, as the country’s biggest lender by assets saw strong credit growth. Net income at the Mumbai-based lender grew 14% from a year earlier to 230.4 billion rupees ($2.4 billion) in the three months ended Sept. 30, beating market estimates of 226.19 billion rupees, according to an exchange filing on Tuesday.
SBI (ORG) Strong Loan Growth (ORG) Profit Beat SBI’s (ORG) Profit Beat State Bank of India (ORG) Mumbai (LOCATION)
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