SBI PBT surges 179%
State Bank of India, the country's largest lender, has reported a strong set of numbers for the quarter ended September 2019, backed by a substantial reduction in slippages. Its net interest income has also beaten market expectations. The bank's profit before tax was up by as much as 179 per cent, to Rs 5,059 crore from Rs 1,812 crore in the same quarter of 2018.
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