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State Bank of India Q2 profit misses estimates

Reuters 

(Reuters) - State Bank of India, the nation's biggest lender by assets, reported a second-quarter net profit of 15.82 billion rupees ($243.3 million), missing estimates, on higher provisions for bad loans.Analysts on average had expected a net profit of 26.96 billion rupees, according to Thomson Reuters data.Gross bad loans as a percentage of total loans stood at 9.83 percent at end-September compared with 9.97 percent at end-June. ($1 = 65.0350 Indian rupees) (Reporting by Samantha Kareen Nair in Bengaluru; Editing by Muralikumar Anantharaman)(This story has not been edited by Business ...

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First Published: Fri, November 10 2017. 13:08 IST
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