Kolkata, May 14 (Inditop.cm) The country’s biggest lender, State Bank of India (SBI), posted 32 per cent decline in net profit at Rs.1,867 crore in the Jan-March quarter against Rs.2,742 crore reported a year ago.
However, total income of the bank increased 1.8 per cent to
Rs.22,474 crore for the quarter under review from Rs.22,061 crore in the same period last fiscal, SBI said in a filing to the Bombay Stock Exchange (BSE) Friday.
Shares of the bank plunged more than four percent following the result.
