Published On: Jun 05, 2020

Government-owned State Bank of India (SBI) on Friday reported a four-fold jump in its net profit at Rs 3,581 crore during the quarter ended March. This was supported by a one-time gain of Rs 2,731 crore from the stake sale in SBI Cards and Payment Services done during Q4 FY20. The country's largest lender by assets had posted a net profit of Rs 838 crore in the corresponding period of previous fiscal (Q4 FY19).  

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