SBI registers 40% growth in Q2 net profit

State Bank of India or SBI beats forecasts with a 40.4 per cent rise in net profit. The bank posted better-than-expected profits on October 27 but its shares tumbled to an 18-month low after it increased provisions for bad debts and forecast narrower interest margins. Bhatt admitted that the state-run bank's net interest margins had peaked and would be little lower in the next quarter.