SBI shares rise 3% after Q1 net profit increases 10% to Rs 21,121 crore
AI Market Summary
SBI reported a strong Q1 with net profit up 10.2% YoY and net interest income up 15%, alongside modest improvement in asset quality (GNPA 1.47%, net NPA 0.38%). The results signal resilient core lending and better credit performance, supporting near-term confidence in Indian financials. Market focus shifts to sustaining margins, deposit growth, slippages, and credit costs.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.89%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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State Bank of India reported a 10% year-on-year rise in first-quarter net profit to Rs 21,121 crore. The lender also recorded improved asset quality, with the gross non-performing asset ratio easing to 1.47%. Shares of SBI climbed as much as 3% following the results.
