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Top headlines: SBI Q1 profit jumps 81%, RBI may extend moratorium

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SBI
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State Bank of India Q1 profit jumps 81 per cent YoY to Rs 4,189 cr

BS Web Team New Delhi
SBI Q1 profit jumps 81% YoY to Rs 4,189 cr, moratorium declines to 9.5%

State Bank of India, has posted 36.8 cent rise in profit before tax (PBT) at Rs 5,559.7 crore for the quarter ended June 2020 on robust growth in net interest income. “Exceptional items for quarter ended June 30, 2020 represent profit of Rs 1,539.73 crore on sale of certain portion of investment in bank's subsidiary SBI Life lnsurance Company Limited,” said the bank in a statement. Read more
 
In talks with RBI to extend moratorium, restructure loans: FM Sitharaman

FM Nirmala Sitharaman on Friday said