A man checks his mobile phones in front of State Bank of India (SBI) branch in Kolkata, India, February 9, 2018.
Net profit was at a record 168.84 billion rupees ($2.04 billion) for the quarter ended June 30, compared with 60.68 billion rupees a year earlier.
Rivals HDFC Bank (HDBK.NS) and ICICI Bank (ICBK.NS) have reported double-digit net interest income growth for the fiscal first quarter.
The net NPA ratio rose to 0.71% from 0.67% in the prior three months.
The bank expects its net NPA ratio to fall to 0.5% in the next few quarters, Khara said.
Persons:
Chowdhuri, Dinesh Kumar Khara, Khara, SBI's, Siddhi Nayak, Sonia Cheema
Organizations:
State Bank of India, REUTERS, Rivals HDFC Bank, ICICI Bank, Reserve Bank of India, Siddhi, Thomson
Locations:
Kolkata, India, MUMBAI, BENGALURU