State Bank of India, the country's biggest lender by assets, reported a second-quarter net profit of Rs 1,582 crore, missing estimates, on higher provisions for bad loans.
Analysts on average had expected a net profit of Rs 2,696 crore, according to Thomson Reuters data.
Gross bad loans as a percentage of total loans stood at 9.83 per cent at end-September compared with 9.97 per cent at end-June.
© Thomson Reuters 2017
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