SBI Q3 profit falls 62% on high provisions, slippages Rs 20692cr
State Bank of India (SBI) disappointed analysts' with December quarter earnings with standalone profit falling 61.7 percent year-on-year to Rs 1,115 crore on higher provisions. Profit was supported by lower other income. Net interest income (the difference between interest earned and interest expended) declined 1.2 percent to Rs 13,606 crore in Q3 compared to Rs 13,777 crore in year-ago period.
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