Mumbai, Nov. 4 -- State Bank of India on Tuesday reported a net profit of Rs.20,160 crore in the second quarter of FY26, up 10% from the same period last year, led by an exceptional gain from the sale of a portion of its stake in Yes Bank.

The bank's profitability was bolstered by a one-time gain from the sale of stake in Yes Bank. SBI said on 18 September that it completed the divestment of a 13.18% stake in private sector lender Yes Bank to Sumitomo Mitsui Banking Corp. of Japan for Rs.8,888.97 crore. SBI now holds a 10.8% stake in Yes Bank.

On Tuesday, SBI said that the sale has leading to a profit of Rs.4,593.22 crore.

The country's largest lender was expected to post a standalone net profit of Rs.17,523 crore in the three months e...