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SBI adds $1.65 bln bad loans in Q3: chairman
People walk in front of a signboard displayed at the head office of State Bank of India in Mumbai November 9, 2009.
Credit: Reuters/Arko Datta/Files
MUMBAI |
MUMBAI (Reuters) - State Bank of India (SBI), India's largest lender, added 81.61 billion rupees worth of bad loans during the three months to end-December 2011, chairman Pratip Chaudhuri said on Monday.
SBI beat market expectations with a 15 percent rise in fiscal third-quarter net profit earlier on Monday as interest income rose.
(Reporting by Swati Pandey; Editing by Subhadip Sircar)
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