State Bank Of India Reports Profit Of Rs 838 Crore For March Quarter, Shares Down: 10 Things To Know

SBI's net interest income - the difference between interest earned on loans and interest paid on deposits - rose 14.91 per cent to Rs 22,953.83 crore compared with Rs 19,974.28 crore in the year-ago period. However, the bank's net profit fell short of Street estimates. Analysts had on an average expected the Mumbai-based bank to report a net profit of Rs 4,393 crore for the quarter, news agency Reuters reported citing Refinitiv d...