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Tag: SBI shocks

SBI shocks, profits fall 7% in third quarter

Posted on February 5, 2021February 5, 2021 by Nidhi Malviya

The reason for the loss in net profit of SBI is more provisioning for stranded loans. However, the bank hopes that with the recovery in the economy, its balance sheet will be strengthened. In the first quarter of the current financial year, the country’s largest bank SBI has recorded a big fall of seven percent…

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