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State Bank of India (SBI) has posted its December quarter earnings, net profit falls 61.7 percent year-on-year to Rs 1,115 crore on account of higher provisions.
The net interest income declined 1.2 percent to Rs 13,606 crore in Q3 compared to Rs 13,777 crore in year ago period.
According to the bank, its advances grew by 12.9 percent to Rs 13.91 lakh crore whereas deposits increased by 10.7 percent to Rs 16.71 lakh crore in the December quarter.
