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State Bank of India Net Profit Rises 80% To ₹ 6,451 Crore In March Quarter

State Bank of India Net Profit Rises 80% To ₹ 6,451 Crore In March Quarter

SBI's net interest income (NII) came in 19 per cent higher at ₹ 27,067 crore versus ₹ 22,767 crore in the same quarter last year.

The country's largest lender, State Bank of India, on Friday said that its net profit in quarter ended March 2021 rose 80 per cent to ₹ 6,451 crore compared with ₹ 3,581 crore during the same period last year. Profit was aided by decline in provisions for bad loans an annual basis.

SBI's net interest income (NII) or the difference between interest earned and interest expended came in 19 per cent higher at ₹ 27,067 crore versus ₹ 22,767 crore in the same quarter last year.

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