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Mumbai: India’s largest lender, State Bank of India (SBI), on Tuesday, reported a 6.4 per cent year-on-year (YoY) increase in its consolidated net profit to Rs 21,504.49 crore for the second quarter (Q2) of FY26.

The bank had reported a profit of Rs 20,219.62 crore in the same period last financial year (Q2 FY25), according to its stock exchange filing.

On a standalone basis, SBI’s net profit rose 10 per cent YoY to Rs 20,159.67 crore, compared to Rs 18,331.44 crore in Q2 FY25, driven by steady loan growth and improved asset quality.

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The bank’s net interest income (NII) — the difference between interest earned and interest pai

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