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SBI Chairman Sees Credit Costs Staying Near Historic Lows, Bank Reports ₹23,038 Crore Q2 Profit As Rate Hike Expectations Cloud Lending Outlook

SBI Chairman Sees Credit Costs Staying Near Historic Lows, Bank Reports ₹23,038 Crore Q2 Profit As Rate Hike Expectations Cloud Lending Outlook
Photo: Free Press Journal · view original

Mumbai: State Bank of India (SBI), the country's largest public sector lender, reported a 14.28% year-on-year (YoY) increase in net profit at ₹23,038 crore for the second quarter of FY27, compared with ₹20,160 crore in the corresponding quarter last year. The growth was supported by strong loan e...

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