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State Bank of India Net Profit Rises 80% To Rs 6,451 Crore In March Quarter

The country’s largest lender, State Bank of India, on Friday said that its net profit in quarter ended March 2021 rose 80 per cent to Rs 6,451 crore compared with Rs 3,581 crore during the same period last year. Profit was aided by decline in provisions for bad loans an annual basis.

SBI’s net interest income (NII) or the difference between interest earned and interest expended came in 19 per cent higher at Rs 27,067 crore versus Rs 22,767 crore in the same quarter last year.

syndicated from NDTV

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