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SBI Beats Profit View on Healthy Loan Growth
Hindustan Times West UP
|February 07, 2025
SBI's domestic loans grew 14% in the quarter.
BENGALURU/MUMBAI: State Bank of India, the country's largest lender by assets, reported a better-than-expected quarterly profit on Thursday driven by strong loan growth.
The state-run lender reported a net profit of ₹16,891 crore ($1.93 billion) in the third quarter, compared with ₹9,164 crore a year ago.
Analysts, on average, were expecting a profit of ₹16,472 crore, according to data compiled by LSEG.
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