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Top lender SBI's results signal Indian banks' record bad loans peaking

Reuters  |  MUMBAI 

By Devidutta Tripathy and Samantha Kareen NairMUMBAI (Reuters) - State Bank of India (SBI) posted quarterly results that indicated the nation's lenders may see a slower build-up of bad loans, but questions remain on how quickly and smoothly they can get rid of $146 billion of such debt that has already piled up.SBI, the nation's top lender with a share of more than fifth of the banking assets, reported on Friday a lower-than-expected profit, but its bad loan additions during the three months to end-September slowed sharply and pushed the overall bad-loan ratio down.Its stock surged more than ...

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First Published: Fri, November 10 2017. 16:47 IST