SBI posts record quarterly profit; asset quality, provisions dip


India’s largest lender depository financial institution of India (SBI) on Wednesday reported a 55.3% rise in its Q1 standalone net income of ₹6,504 crores as compared to ₹4,189 crores within the same quarter last year. The bank’s net interest income, the difference between interest earned and expended, witnessed a growth of three .7% at ₹27,638 crores as against ₹26,641 crore year-on-year (YoY).

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