SBI missed street expectations on Friday with the third quarter profit rising 30.3 percent year-on-year to Rs 2910 crore. Profit was impacted by higher provisions but was supported by other income.
SBI missed street expectations on Friday with the third quarter profit rising 30.3 percent year-on-year to Rs 2910 crore. Profit was impacted by higher provisions but was supported by other income.
Net interest income rose 9 percent to Rs 13,777 crore from Rs 12,640 crore during the same period.
Provisions for bad loans increased 26 percent to Rs Rs 5,235 crore during the same period.
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SBI Q3 misses estimates, profit up 30%, provisions up 26%
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