SBI Q1: Net profit jumps 55.25% to Rs 6,504 crore on lower provisioning

The country's largest lender SBI on Wednesday reported a 55.25 per cent jump in standalone profit after tax at Rs 6,504 crore for the quarter ended June, helped by lower provisioning for bad loans and higher non-interest income. The lender's standalone profit after tax stood at Rs 4,189 crore in the same quarter of the previous fiscal.

The country's largest lender SBI on Wednesday reported a 55.25 per cent jump in standalone profit after tax at Rs 6,504 crore for the quarter ended June, helped by lower provisioning for bad loans and higher non-interest income. The lender's standalone profit after tax stood at Rs 4,189 crore in the same quarter of the previous fiscal. August 05, 2021 at 09:28AM https://ift.tt/3xroRk7