SBI Q4 Net dips 99% to Rs 20.8cr
Hit by higher provisioning for bad loans and increased tax outgo, the net profit of the country's largest lender State Bank of India (SBI) tanked by about 99 per cent to Rs 20.8 crore for the fourth quarter ended March, 2011. The numbers confirm the fact that SBI's strategy under Pratip Chaudhuri will be very different from SBI's strategy under OP Bhatt.
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