SBI Q4 profit doubles to Rs 2,815 cr

SBI Q4 profit doubles to Rs 2,815 cr

SBI Q4 Profit : State Bank of India (SBI) more than doubled its net profit to Rs 2,815 crore in the March 2017 quarter, on the back of lower provisions.

SBI Q4 Profit

SBI Q4 Profit

Provisions were lower by 11% year-on-year (y-o-y) at Rs 11,740 crore, of which those for bad loans fell 10% y-o-y to Rs 10,992 crore.

State Bank of India (SBI) more than doubled its net profit to Rs 2,815 crore in the March 2017 quarter, on the back of lower provisions. Provisions were lower by 11% year-on-year (y-o-y) at Rs 11,740 crore, of which those for bad loans fell 10% y-o-y to Rs 10,992 crore.

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More Info @ http://www.financialexpress.com/industry/banking-finance/sbi-q4-profit-doubles-to-rs-2815-cr-find-out-how/677358/

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