India’s largest public sector lender, State Bank of India (SBI), on Friday reported that its standalone net profit rose 6% year-on-year (YoY) to Rs 19,684 crore in the fourth quarter. The same stood at Rs 18,643 crore in the last year quarter.
The profit beat the analysts’ estimates of Rs 18,898 crore.
The net interest income (NII), which is the difference between interest earned and interest expended, rose 4% YoY to Rs 44,380 crore in the March quarter.
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