SBI share price gain after robust Q4 earnings

SBI

State Bank of India (SBI) share price rose over 4 percent in early trade on May 24 after the company reported a robust set of earnings for the quarter ended March 2021.

The country’s largest lender on May 21 reported a standalone profit of Rs 6,450.7 crore for the quarter ended March 2021 against a profit of Rs 3,580.81 crore in Q4 FY20.

The jump in profit was supported by net interest income and other income, while the low base in the year-ago quarter added to the jump.

News Source:- Moneycontrol

 

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