 "state bank of india, sbi, banks, bank branch")
Country's largest public lender, State Bank of India (SBI), on Wednesday reported a 67% rise in net profit at Rs 7,627 crore for the July-September quarter of fiscal year 2021-22 as against Rs 4,574 crore in the corresponding period of last year. This, as provisions for bad loans more than halved.
Total income increased 3% at Rs 77,689 crore as against Rs 75,342 crore in year-ago period. Provisions for bad loans slid 52% to Rs 2,699 crore, while the bank's gross bad loan ratio, a measure of asset quality, slipped to 4.90% from 5.32% a quarter earlier.
Most large Indian
