SBI posts net profit of Rs 838 crore in Q4 on higher interest income

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Depicting a sturdy financial profile, the country’s largest bank — the State Bank of India — posted a net profit of Rs 838 crore in the fourth quarter of 2019 (Q4FY19) on higher interest income and sharp drop in provisions for bad loans. 

SBI had posted a loss of Rs 7,718 crore in the fourth quarter of FY18.

While the bank came back into profit in Q4 of FY19, sequentially, its net profit fell to Rs 838 crore from Rs 3,955 crore in Q3 FY19.

Net interest income grew by 15 per cent to Rs 22,954 crore in Q4 FY19. The domestic net