SBI Q2 Results: Key Highlights and Brokerage Takeaways Explained
SBI delivered a strong Q2 with loan growth driven by agriculture and SME segments, while retail lending remained steady, supported by robust gold loan growth. Deposit growth was aided by FCNR inflows, and margins expanded due to a lower cost of deposits. Asset quality improved further, with credit costs staying benign. Gains from the AMC stake sale were largely offset by treasury MTM losses.
