SBI posts record quarterly profit; asset quality, provisions dip

Climbstreet05 Aug, 2021News

India?s largest lender depository financial institution of India (SBI) on Wednesday reported a 55.3% rise in its Q1 standalone net income of ?6,504 crores as compared to ?4,189 crores within the same quarter last year. The bank?s net interest income, the difference between interest earned and expended, witnessed a growth of three .7% at ?27,638 crores as against ?26,641 crore year-on-year (YoY).