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SBI Q3 Results: India's largest public sector lender State Bank of India (SBI) on Saturday reported 24% year-on-year (YoY) growth in its standalone net profit at Rs 21,028 crore in the third quarter. Net interest income for the same period increased 9% YoY to Rs 45,190 crore.
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Indian markets closed strongly after the IndiaUS trade deal, snapping Niftys losing streak. Lower volatility, firm technical supports and selective sector strength support cautious optimism, though earnings visibility, FII consistency and IT sector weakness warrant consolidation and stock-specific strategies next week.
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Alphabet-backed Aye Finance has raised Rs 454 crore from anchor investors ahead of its Rs 1,010 crore IPO opening on February 9. The anchor book includes Goldman Sachs and other global institutions, signalling strong confidence in the MSME-focused NBFCs scalable and profitable lending model.
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