SBI Drops After India’s Biggest Bank Sees Tighter Margins
- India’s top state bank posts 28% rise in second-quarter profit
- Bank forecasts lower-than-expected deposit growth for the year
A State Bank of India branch in Mumbai.
Photographer: Abeer Khan/BloombergThis article is for subscribers only.
Shares of State Bank of India fell after the country’s largest lender reported a contraction in margins and higher provisions for bad loans. The bank forecast lower-than-expected deposit growth for this fiscal year.
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