ResultsBusinessLine
PSBs edge private sector banks in Q2FY27 profit growth
Positive+45
GreyOak summary
SBI Research reports that Public Sector Banks (PSBs) achieved a 20% year-on-year profit growth in Q2FY27, slightly outperforming major private banks at 19.8%. Both sectors showed healthy business growth, driven largely by a surge in gold-jewellery lending due to elevated gold prices. Aggregate credit growth for Scheduled Commercial Banks accelerated to 18.2% in the fortnight ended October 15, 2026.
What it affects
- State Bank of IndiaSBINPositive +45
SBI Research reported PSB profit growth of 20%.Rolling sentiment Positive +16
- Financial ServicesPositive +40
PSBs and private banks saw healthy business growth.Rolling sentiment Neutral 0
Source
Read the original at BusinessLineMore State Bank of India news
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