State Bank of India rises on quarterly profit jump
07/08/2026 09:28
BUZZ-State Bank of India rises on quarterly profit jump ** Shares of State Bank of India SBI.NS rise 2.29% to 1,109.90 rupees
** Stock on track for a third consecutive session of gains, if trend holds
** The country's largest lender by assets reports 10% year-on-year rise in June-quarter profit to 211.21 billion rupees ($2.22 billion)
** SBI's net interest income, the difference between interest earned on loans and paid on deposits, grew near 15% to 469.92 billion rupees in the June quarter - Reuters calculation
** SBI stock rated "buy" on average by 36 analysts, median PT at 1200 rupees, according to data compiled by LSEG
** YTD, stock up 13.28%
($1 = 95.2700 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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