SBI quarterly profit beats estimates as strong loan demand boosts earnings
India's largest lender posted a net profit of 210.28 billion rupees for the December quarter. Robust loan growth helped the bank exceed analyst estimates.
Insights:
State Bank of India reported a higher-than-expected standalone net profit of 210.28 billion rupees for the quarter ending December 31. The result, announced today, was supported by healthy loan growth of 15.4% and a 9% rise in net interest income. This profit beat analyst expectations, including figures compiled by LSEG .
