SBI Reports 12% YoY Rise in Q1 Profit; HSBC Upgrades Rating to ‘Buy’ Despite Share Dip

State Bank of India (SBI), the country’s largest lender, posted a 12.48% year-on-year (YoY) rise in standalone net profit to ₹19,160 crore for the first quarter of FY26, surpassing market estimates. The growth was primarily driven by a healthy increase in operating income and improved asset quality. Despite the strong financial performance, SBI shares fell […]