New Delhi, Nov. 3 -- State Bank of India (SBI) is expected to see its net profit decline for the the September quarter even as healthy loan growth and one-off treasury gains from its stake sale in Yes Bank offset pressure on margins, according to analysts.

The country's largest state-run lender is expected to post a standalone net profit of Rs.17,523 crore in the quarter, down over 4% year-on-year, according to a Bloomberg analyst poll. The bank's June-quarter bottom line stood at Rs.19,160 crore. The public sector lender saw its operating profit rise 16% on-year to Rs.30,544 crore in the June quarter.

"We expect operating profit to grow 6% on-year as we build NIM compression for the quarter. We are building flat net interest income (NI...