SBI Q4 net more than doubles to Rs 2,815 cr

The country’s largest lender SBI reported more than doubling of its net profit at Rs 2,814.82 crore for the March quarter.

The public sector bank had registered a standalone net profit of Rs 1,263.81 crore in the same period a year ago.

However, for the year ended March 2017, SBI’s consolidated net profit declined by about 98 per cent to Rs 241.23 crore from Rs 12,224.59 crore at the end of 2015-16.

Total income on a standalone basis for the March quarter increased 7.8 per cent to Rs 57,720 crore from Rs 53,526.97 crore in the year-ago period, it said.


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