State Bank of India's net profit rises 8% in July-September

The state-run lender's net profit rose to 143.30 billion rupees ($1.72 billion) in its fiscal second quarter, from 132.65 billion rupees a year ago. That was slightly higher than analysts' estimate of 141.83 billion rupees, according to LSEG data.

State Bank of India, the country's largest lender, reported an 8% increase in net profit for the July-September quarter on Saturday, helped by healthy core lending income and robust loan growth. The state-run lender's net profit rose to 143.30 billion rupees ($1.72 billion) in its fiscal second quarter, from 132.65 billion rupees a year ago.

That was slightly higher than analysts' estimate of 141.83 billion rupees, according to LSEG data. Net interest income - the difference between a bank's interest earned and paid - rose to 395 billion rupees from 351.83 billion rupees a year ago, as per Reuters' calculations.