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The bank's prime goal in 2020-21 would be to strengthen its balance sheet so that it can create a better case for the amalgamated entity for the next fiscal, too, Rao said
The bank's total income during the March quarter rose to Rs 16,388.32 crore from Rs 14,725.13 crore in the year-ago period
Analysts had projected a net profit within a range of Rs 249.4 crore and Rs 358.5 crore for the recently concluded quarter.