India’s Top Bank Beats Profit Forecast on Strong Credit Demand

State Bank of India reported stronger-than-expected profit as rising retail consumption demand boosted credit growth, helping the state-owned lender take on its private peers.

By Siddhi Nayak, Ashutosh Joshi · Bloomberg Markets

State Bank of India reported stronger-than-expected profit as rising retail consumption demand boosted credit growth, helping the state-owned lender take on its private peers.