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SBI Q3 result: Net profit slips 7% YoY to Rs 5,169 cr on higher provisions

Total provisions for the quarter were Rs 10,342.39 crore, of which provisions for NPA were Rs 2,290.38 crore

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Q3 results | sbi | Markets

Nikita Vashisht  |  New Delhi 



SBI
SBI

India’s biggest public sector bank (PSB) State Bank of India (SBI) on Thursday reported a 6.9 per cent year-on-year (YoY) drop in standalone net profit at Rs 5,196.22 crore for quarter ending December, 2020 (Q3FY21). The fall was largely driven by marginal increase in provisions against bad loans.

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First Published: Thu, February 04 2021. 13:50 IST

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