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SBI hunts for weak links after cyberattack

By · Published by Everything Blog

In short

A preliminary investigation by State Bank of India revealed the exposure of customer names, dates of birth, addresses, and identifiers online. Despite the security breach, the lender does not project any material fallout on its core operations or broader financial performance. The disclosure arrived as the bank reported robust quarterly profitability driven by a 14 percent rise in standalone net profit to Rs 23,038 crore.

Key points

  • The ongoing investigation aims to identify security flaws while confirming core operation…: The ongoing investigation aims to identify security flaws while confirming core operational and financial continuity remain intact.
  • Strong earnings growth was supported by rising interest income and lower provisions for b…: Strong earnings growth was supported by rising interest income and lower provisions for bad loans during the quarter.
  • Balance sheet resilience expanded significantly as the bank increased its Capital Adequac…: Balance sheet resilience expanded significantly as the bank increased its Capital Adequacy Ratio to 16.09 percent.

Sources checked by our analysis pipeline: 1

The root cause analysis is still underway and may take some time, he added.

The country’s largest lender last month reported the attack involving customer records containing personally identifiable information that was leaked on the dark web.

ALSO READ | SBI Q2 Results: Standalone profit rises 14% YoY to Rs 23,038 crore, NII jumps 15%

The lender already clarified that a preliminary analysis showed that the exposed information included customer names, mobile numbers, dates of birth, email addresses, residential addresses, brand and customer identifiers, and loan records.

The leak is not expected to have any material impact on the bank's core business operations, financial performance or business continuity, SBI had said.

Meanwhile, the bank reported a 14 per cent growth in standalone net profit at Rs 23,038 crore for the second quarter ended September 30, 2026.

The bank had earned a profit of Rs 20,160 crore in the July-September period a year ago.

According to a regulatory filing, SBI's total income increased to Rs 1,43,796 crore, from Rs 1,34,979 crore in the second quarter of the last fiscal year.

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