SBI Q1 profit rises 10% to Rs 21,121 crore as lower provisions, stronger NII boost earnings

SBI Q1 profit rose 10% to Rs 21,121 crore as lower provisions and stronger NII boosted earnings. The bank’s operating profit expanded 9.77% to Rs 33,529 crore. Total income reached Rs 1.43 lakh crore, while gross NPA fell to 1.47%. Following these results, SBI’s share price rose 3% on Friday.