ALSO READState-run banks in demand State Bank of India first-quarter results weighed down by subsidiary bank mergers State Bank of India first-quarter profit misses estimates, bad loans rise State Bank of India Q4 profit more than doubles, bad loan ratio falls State Bank of India first-quarter profit falls 20 percent, bad loans rise sharply
(Reuters) - State Bank of India, the nation's biggest lender by assets, reported a second-quarter net profit of 15.82 billion rupees ($243.3 million), missing estimates, on higher provisions for bad loans.
Gross bad loans as a percentage of total loans stood at 9.83 percent at end-September compared with 9.97 percent at end-June.
($1 = 65.0350 Indian rupees)
(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Muralikumar Anantharaman)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)