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SBI fourth quarter net profit slides 66 percent as bad loan provisions double

MUMBAI State Bank of India (SBI) , the country's top lender by assets, reported on Friday its fourth-quarter profit tumbled a worse-than-expected 66 percent due to sharply higher provisions for bad loans as India's banks respond to a central bank order to clean up their books.

Symbol Last Net Change
MCX GOLD c1 Rs28,695.00 Rs-43.00
MCX SILVER c1 Rs40,750.00 Rs11.00
BRENT CRUDE $49.07 $-0.52