SBI Q1 Results Beat Expectations, Asset Quality Stable; Stock Jumps

State Bank of India is the biggest bank in India, like a giant piggy bank for the country.

Every few months, it tells people how much money it earned.

This time, the bank made more money than many experts expected.

Its main earnings from lending grew by 15% compared to the same time last year.

The bank's overall profit also went up by about 10%.

The bank said the amount of loans people were not paying back stayed about the same, which is a good sign.

Because the news was good, the bank's share price went up by 2.5%.

The stock is still a little below its highest-ever price, but it has had a good year so far.