State Bank of India Q4 net profit more than doubles

State Bank of India, the nation’s top lender by assets, reported fourth-quarter net profit more than doubled in line with expectations, while its bad loan ratio narrowed from the previous quarter.

Standalone net profit, not including contributions from subsidiaries, jumped to ₹28.15 billion ($433.44 million) for the three months to March 31 from ₹12.64 billion a year earlier.

read more- HINDU

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