Daily Market Updates: SBI quarterly results: Bank shares decline despite loan growth, better asset quality in Q2

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SBI quarterly results: Bank shares decline despite loan growth, better asset quality in Q2 - What it means to investors

Reported · Written up by our desk · North America

SBI reported a 14.28% year-on-year rise in second-quarter net profit to ₹23,038 crore, supported by loan growth and a one-time gain from selling shares in SBI Funds Management. Asset quality improved, but the bank’s shares fell 1.70% to ₹970 despite results exceeding analyst estimates.

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LiveMint MarketsSBI quarterly results: Bank shares decline despite loan growth, better asset quality in Q2 - What it means to investors

Global Markets

SBI quarterly results: Bank shares decline despite loan growth, better asset quality in Q2 - What it means to investors

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