01-01-1970 12:00 AM | Source: Reuters
India`s top lender SBI posts 83% jump in Q4 profit
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State Bank of India, the country's largest lender, on Thursday reported a more than 83% jump in fourth-quarter profit, led by a sharp drop in provisions on bad loans and healthy credit growth.
Net profit was 166.95 billion rupees ($2.04 billion)for the quarter ended March 31, compared with 91.14 billion rupees a year earlier, the lender said in an exchange filing.
($1 = 81.7800 Indian rupees)
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