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HomeEconomyState Bank of India's Q2 profit rises on higher core lending income

State Bank of India’s Q2 profit rises on higher core lending income

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(Reuters) – State Bank of India, the country’s largest lender, reported a rise in second-quarter profit on Friday, helped by healthy core lending income.

The state-run lender’s net profit rose 28% to 183.31 billion rupees ($2.17 billion) compared with 143.3 billion rupees a year ago.

($1 = 84.3490 Indian rupees)

(Reporting by Nishit Navin and Siddhi Nayak; Editing by Mrigank Dhaniwala)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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