SBI and Bajaj Finserv report profit growth in Q2 results
State Bank of India's standalone net profit rose 14 per cent while Bajaj Finserv saw a 25 per cent jump in consolidated profit.
State Bank of India (SBI) and Bajaj Finserv reported increases in their second-quarter profits for the July-September 2026 period, according to reports by The Times of India and BusinessLine. SBI's standalone net profit grew 14 per cent year-on-year to Rs 23,038 crore, up from Rs 20,160 crore in the same quarter last year.
The bank's total income reached Rs 1,43,796 crore during the quarter, compared to Rs 1,34,979 crore a year earlier. Interest earned also saw an increase to Rs 1,32,019 crore from Rs 1,19,654 crore in the previous year's corresponding period.
On a consolidated basis, SBI Group's net profit rose 20 per cent to Rs 25,361 crore. The bank also reported improved asset quality, with gross non-performing assets (NPAs) falling to 1.39 per cent from 1.73 per cent, while net NPAs dropped to 0.36 per cent from 0.42 per cent.
Bajaj Finserv reported a 25 per cent rise in consolidated net profit to Rs 5,952 crore for the September quarter. The company's total income for the period grew 17 per cent to Rs 43,416 crore, up from Rs 37,215 crore in the same quarter last year.
For the first half of the 2026-27 fiscal year, Bajaj Finserv's consolidated net profit rose 22 per cent to Rs 12,249 crore. The company's standalone net profit for the September quarter reached Rs 1,458.53 crore, compared to Rs 1,085.18 crore in the previous year.