State Bank of India (SBI; CMP: Rs 530; M Cap: Rs 473,406 crore) has reported robust earnings for the quarter ended September 2021. The largest bank saw its net profit rising by a whopping 67 percent to Rs 7,627 crore in Q2FY22, aided by a healthy growth in net interest income and a sharp fall in provisions/credit cost. (image) There was a one-time recovery gain from Dewan Housing Finance and income tax refund, from which the bank created an upfront...
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