SBI's Q1 net rises 10% to Rs 21k cr on strong treasury, forex gains

State Bank of India's Q1 FY26 consolidated profit rose 9.7% to Rs 21,201 crore, fueled by strong treasury and forex income. While advances grew 11.6%, net interest income slightly decreased due to margin contraction. The bank anticipates a U-shaped recovery in NIMs and maintains its FY26 loan and deposit growth guidance at 12% and 10%, respectively.

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