State Bank of India on Wednesday reported a 66.7 per cent year-on-year (YoY) rise in net profit to Rs 7,626.6 crore for the quarter ended September 2021, which was higher than analysts’ estimate of Rs 7,450 crore. The lender’s bottomline performance was strong for the said quarter despite the fact that it took a one-time loss of Rs 7,418.4 crore due to revision in the family pension payable to employees covered under the 11th bi-partite settlement.
