Loan growth, fall in provisions help SBI profits in Q2

What happened: State Bank of India reported a 14% year-on-year rise in Q2 FY27 net profit, driven by loan growth, higher net interest income, lower deposit costs and reduced loan loss provisions. Key numbers: Net profit Rs 23,038 crore, up 14% year-on-year; loan growth 18%. Why it matters: The profit increase was supported by lower deposit costs and reduced loan loss provisions alongside higher net interest income.

State Bank of India reported a 14% year-on-year rise in Q2 FY27 net profit, driven by loan growth, higher net interest income, lower deposit costs and reduced loan loss provisions.

The profit increase was supported by lower deposit costs and reduced loan loss provisions alongside higher net interest income.