SBI Q2 Profit Rises 14% to Rs 23,038 Crore
State Bank of India reported its July to September results. Its net profit rose 14 percent from a year earlier, reaching Rs 23,038 crore. Its net interest income, the main earnings from lending, climbed to Rs 49,142 crore over the same period.
Context
Context: SBI is India's largest state-run bank, so its quarterly numbers are watched as a signal for the wider banking sector. Net interest income is the gap between interest earned on loans and interest paid on deposits.
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