SBI Q2 Results Live Updates: India's largest lender State Bank of India Ltd. (SBI) reported results on Tuesday, November 4, which were better, when compared to the CNBC-TV18 poll on most fronts. SBI's Net Interest Income (NII) or core income increased by 3% on a year-on-year basis to ₹42,985 crore. A CNBC-TV18 poll was working with a figure of ₹40,766 crore. Net profit for the quarter also increased by 10% from the same quarter last year to ₹20,160 crore. The number was higher than the ₹17,048 crore that the street was anticipating. The improvement in profitability also came due to a couple of one-time elements during the quarter. The one-time gain during the quarter came from SBI’s stake sale in Yes Bank, which contributed to ₹4,593.22 crore, and its stake in Jio Payments Bank, which was
SBI Q2 Results Highlights: Stock ends higher after management raises loan growth guidance
CNBC-TV1820 hrs ago
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