SBI June quarter standalone NIM at 3.44 percent

REUTERS - State Bank of India (SBI), the country's top lender, posted a standalone net interest margin of 3.44 percent in the quarter ended June, its Chief Financial Officer Arundhati Bhattacharya said on Monday.

The bank earlier reported a second consecutive drop in quarterly net profit, missing estimates, on worsening asset quality, higher operating expenses and muted growth in interest income.

(Reporting by Swati Pandey in MUMBAI; Editing by Anupama Dwivedi)