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08-04-2021 01:52 PM | Source: Reuters
India's largest bank SBI reports record quarterly profit
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BENGALURU- State Bank of India, the country's largest lender by assets, reported a record quarterly profit on Wednesday, helped by a sharp drop in provisions for soured assets.
Net profit rose 55% to 65.04 billion rupees ($876.79 million) for the three months ended June 30, from 41.89 billion rupees a year earlier, the lender said in a regulatory filing https://www.bseindia.com/xml-data/corpfiling/AttachLive/172913dc-6d27-427f-9d58-7bad34ea61e9.pdf.
($1 = 74.1800 Indian rupees)
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