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SBI's Q2 net profit surges 67% YoY to record Rs 7,627 crore
Country’s largest lender State Bank of India (SBI) on Wednesday reported a 67 per cent year-on-year (YoY) jump in net profit at Rs 7,627 crore in the July-September quarter (Q2FY22), aided by lower provisions. This is the highest ever quarterly net profit for the bank.
Net profit for the quarter beat street expectations as analysts had estimated a profit of Rs 7,450 crore. In the year-ago period, the bank had posted a net profit of Rs 4,574 crore. Read more
Tax dispute: Cairn gives undertakings
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