Key facts
- State Bank of India reported fiscal second-quarter profit above expectations, according to the report.
- The report attributed the result to strong credit growth at the lender.
- The report described State Bank of India as the country's biggest lender by assets.
State Bank of India reported profit for the fiscal second quarter that was better than expected, according to a report that did not date the release. The report said the result was driven by strong credit growth at the lender, which it described as the country's biggest by assets.
The report gave no figure for net profit, for the growth rate, or for the estimate that was beaten, and named no source for the figures. It also did not say when the results were published or for which fiscal year's second quarter they covered.