New Delhi, Nov. 3 -- Shares of State Bank of India (SBI), the country's largest public sector lender, erased their intraday gains in Tuesday's trade on November 3, falling 1.70% to close at Rs.970, even as the bank's September-quarter performance came in ahead of Street estimates.

The state-owned lender reported a 14.28% year-on-year (YoY) increase in standalone net profit to Rs.23,038 crore for the second quarter ended September 30, 2026, supported by strong credit growth and a one-time gain from the sale of shares in its fund management subsidiary earlier in the year.

The bank had reported a net profit of Rs.20,160 crore in the July-September quarter a year ago. Its net interest income (NII), which is the difference between interest e...