SBI Q1 Results:

SBI Q1 Results: Net profit
jumps 178% YoY to 16,884
crore
State Bank of India (SBI) reported a 178.24%
YoY jump in net profit to 16,884 crore for
the quarter ended June (Q1 FY24), beating
street estimates. Its Net Interest Income
(NI) increased 24.7% YoY to 738,905 crore
during the same period. The bank's Gross
Non-Performing Assets (NPA) reduced to
2.76% compared to 2.78% in Q1 FY23. On
the balance sheet side, credit growth was
recorded at 13.9% YoY with domestic
advances growing at 15.08% YoY.

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