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SBI Q3 Results Review: Margin Expansion, Loan Growth Drive Earnings, Say Analysts

The bank's net profit jumped 68.5% year-on-year to Rs 14,205 crore, beating Bloomberg's estimate of Rs 13,295 crore.

Jaspreet Kalra

State Bank of India SBI ATM. (Source: BQ Prime)

State Bank of India's third-quarter net profit rose sharply due to an expansion in interest margins, a rise in other income, and healthy credit growth, according to analysts.

Also Read: ITC Q3 Review: Shares Gain As Most Analysts Raise Target Price On Earnings Beat

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Jaspreet Kalra
Jaspreet covers banking and finance for BQ Prime. He is a graduate of St. S... more
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GST Rejig: Post-Sale Discounts To Dealers Not Subject To GST, Says CBIC

  • chevron-double-right Recipients of goods need not reverse ITC when receiving discounts via credit notes
  • chevron-double-right Dealer discounts for competitive pricing are treated as price reductions, not GST
  • chevron-double-right Discounts under agreements with end customers form part of the overall consideration
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