SBI Q4 Profit Rises 6%, Misses Estimates

India’s largest lender State Bank of India reported a 5.6 percent year-on-year rise in Q4 standalone net profit to ₹19,684 crore, aided by lower provisions and improved asset quality. However, the profit missed Street estimates of ₹20,312 crore, while net interest income grew 4.1 percent to ₹44,380 crore.