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Premium: SBI Profits Sound Good, But When You Look Inside…

State Bank of India announced results today and they started off well, but ended badly. First, their profits were up 23%, to 3700 cr. from 3071 cr.

Non performing assets (NPAs) which have been SBI's bane in recent times, have supposedly fallen from 4.9% in the December quarter to 4.25% in the March quarter. This sounds good but as it turns out, the devil is . . .

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