State Bank of India's latest financial results for Q2 FY26 present a mixed picture of operational achievements and challenges. The bank reported a net profit of ₹16,665.94 crores, which reflects a decline compared to both the previous quarter and the same quarter last year. This decrease is primarily attributed to a significant rise in provisions, which increased to ₹5,400.12 crores, impacting the bottom line despite a sequential growth in net interest income of 4.65% to ₹42,984.06 crores.
The bank's interest earned reached ₹1,19,653.93 crores, indicating a healthy performance driven by strong advances growth. However, the net interest margin (NIM) compressed to 2.97%, down from 3.14% a year earlier, highlighting ongoing margin pressures in a competitive deposit environment. Additionally, the gross non-performing asset (NPA) ratio improved to 1.73%, the lowest in eight quarters, signaling a positive trend ...
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