SBI Posts Strong Q1 Results

SBI Posts Strong Q1 Results

State Bank of India (SBI) posted a strong 80% YoY jump in net profits to INR 64.5bn ($885mn) in the quarter ended March. Profits were helped by a drop in contingencies and provisions to INR 110.5bn ($1.5bn) vs. INR 134.9bn ($1.9bn) in the same period last year. Net...
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