Tag: SBI Q1 profit

MUMBAI/BENGALURU: State Bank of India , the country's largest lender, on Friday reported a near three-fold jump in first-quarter profit, led by a surge in net interest income, healthy loan growth and lower provisions.Net profit was at a record 168.84 billion rupees ($2.04 billion) for the quarter ended June 30, compared with 60.68 billion rupees a year earlier, the lender said in an exchange filing.Net interest income, the difference between interest earned and paid out, rose 24.7% to 389.05 billion rupees.Net interest margin, a key indicator of a...