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State Bank of India Q4 profit more than doubles, bad loan ratio falls

Reuters  |  MUMBAI 

By Devidutta TripathyMUMBAI (Reuters) - State Bank of India (SBI), the nation's top lender by assets, reported a more than doubling of its fourth-quarter net profit as expected, while its bad loan ratio narrowed on a quarter-on-quarter basis.Standalone net profit, not including contributions from subsidiaries, jumped to 28.15 billion rupees ($433.5 million) for the three months to March 31 from 12.64 billion rupees a year earlier. It was the highest profit in six quarters. Analysts on average had expected a net profit of 28.33 billion rupees for the lender, according to data compiled by ...

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First Published: Fri, May 19 2017. 13:16 IST