State Bank of India (SBI) Q1 results: Net profit jumps 10% to ₹21,121 crore, NII rises 12%; asset quality improves

•SBI reported a 10% increase in net profit to ₹21,121 crore in Q1.

•Net interest income rose 12% to ₹46,992 crore, driven by lower provisions for bad loans.

•Gross NPAs as a percentage of total advances decreased to 1.47%, improving asset quality.

•SBI's whole bank advances rose 19% annually, with domestic advances growing 18.15%.