{
  "id": 17966407,
  "title": "SBI net profit, interest income post double-digit growth; cyber preparedness in focus",
  "url": "https://urgent.news/2026/11/03/sbi-net-profit-interest-income-post-double-digit-growth-cyber",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T13:22:25.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/business/sbi-q2-net-profit-income-cyber-credit-growth-10949021/"
  },
  "original_language": "en",
  "account": "State Bank of India reported record net profit and net interest income in double-digit growth for the July-September quarter. The bank's net profit reached Rs 23,038 crore, an increase of over 14% year-on-year, and net interest income grew 15% to Rs 49,143 crore. The bank's robust credit growth and improving net interest margin were key drivers of this performance. Despite divesting its stake in SBI Funds Management, other income fell due to losses in treasury operations caused by higher bond yields. Anindya Paul, Deputy Managing Director of Finance, highlighted the impact of yield-related losses. The bank's loan growth expanded by nearly 18% year-on-year, while deposit growth remained double-digit. Chairman CS Setty expressed optimism about India's medium-term growth prospects and the bank's commitment to disciplined liquidity management. The bank maintained its loan growth guidance of 14-15%. With RBI restrictions on hedging FCNR-B deposits, a portion of these deposits remains unhedged, with an average tenure of five years. Net interest margin expanded to 3.11%, above the bank's target of 3%. Asset quality improved, with both gross and net non-performing asset ratios declining. SBI is taking data breach preparedness seriously, with efforts already underway for containment measures, vulnerability identification, and remediation. The bank is also conducting comprehensive cybersecurity drills, including API sweeps and vulnerability assessments.",
  "summary": null,
  "key_points": [
    "SBI reported record net profit of Rs 23,038 crore, 14% YoY growth",
    "Net interest income grew 15% to Rs 49,143 crore",
    "Bank focuses on cyber preparedness with drills and containment measures"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}