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SBI Profit Declines 7% To Rs 5,196 Crore In December Quarter; Asset Quality Improves

The country’s largest lender State Bank of India on Thursday said that its net profit in quarter ended December 2020 fell 7 per cent annually to Rs 5,196 crore from Rs 5,583 crore during the same quarter last year.

SBI’s net interest income or the difference between interest earned and interest expended came in at Rs 28,820 crore versus Rs 27,779 crore in the year ago period.

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