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The Economic Times

Business

Akash Podishetti

SBI Q1 Results: Standalone profit rises 10% YoY to Rs 21,121 crore, beats estimates

SBI State Bank of India India

India's largest public lender, State Bank of India (SBI) reported a 10% year-on-year (YoY) growth in its standalone net profit at Rs 21,121 crore in the first quarter. The profit beat the Street estimate of Rs 19,052 crore. It was Rs 19,160 crore in the last year quarter.

Net interest income in the reporting quarter rose 15% YoY to Rs 46,992 crore. NII was also higher than the estimates of Rs 46,214 crore.

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