SBI May Report Healthy Q1 Profit On Lower Provisioning - Dollar Advisory Services : Best Research Advisory Firm

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SBI May Report Healthy Q1 Profit On Lower Provisioning

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The country's largest lender State Bank of India is expected to report a healthy profit in the June quarter over lower provisioning, asset quality improvement, and higher treasury income and loan growth, brokerages said. The bank will announce its quarterly earnings on August 2. The profit is expected to be in the range of Rs 2,500-6,000 crore for the quarter, according to the brokerages considered. SBI had posted a loss of Rs 4,875.9 crore in the corresponding quarter of the last fiscal and a profit of Rs 838.4 crore in March quarter.

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