State Bank of India reports Rs 2,312 crore profit in Q1
Mumbai, Aug 2 (PTI) The country's largest bank SBI on Friday posted a standalone net profit of Rs 2,312.02 crore for the first quarter of current fiscal, mainly driven by higher income and reduction in bad loans.
The bank had reported a loss of Rs 4,875.85 crore in the April-June quarter of 2018-19.
SBI's standalone total income increased to Rs 70,653.23 crore in the first quarter of 2019-20 as against Rs 65,492.67 crore in the same period a year ago, as per the financial results posted by the bank on stock exchanges.