SBI Reports Profit Triples In Q1 As Demand For Loans Surges | Companies News – Top Speed News
New Delhi: State Bank of India (SBI.NS), the country’s largest lender, on Friday reported a near three-fold jump in first-quarter profit, led by a surge in net interest income, healthy loan growth and lower provisions. Net profit was at a record 168.84 billion rupees ($2.04 billion) for the quarter ended June 30, compared with 60.68 billion rupees…