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SBI net profit at ₹2,312cr, misses analysts' expectations

Aug 02, 2019 19:17 IST

State Bank of India reported net profit at ₹2,312 crore in the April-June quarter on lower provisions against loss of ₹4,786 crore in the same quarter a year ago. However, India's largest lender's profit missed analysts' expectations. SBI's net income interest came below estimates at ₹22,939 crore while asset quality improved on a sequential basis. The bank's gross NPAs remained flat at 7.53% in the June quarter while provisions for bad loan declines.

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