SBI's Q1 profit surges 81% to Rs 4,189 cr

The country's largest bank SBI on Friday posted an 81 per cent spike in standalone net profit at Rs 4,189.34 crore for the first quarter of current fiscal as bad loans declined.

The lender had reported a net profit of Rs 2,312.02 crore in the April-June quarter of 2019-20.

State Bank of India's (SBI) standalone total income increased to Rs 74,457.86 crore in the first quarter of 2020-21 as against Rs 70,653.23 crore in the same period a year ago, as per the financial results posted by the bank on stock exchanges.

 

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