SBI's net profit rises by 122% in March quarter
State Bank of India on Friday said its net profit for the March quarter jumped 122.7% from a year ago due to higher net interest income and lower provisions. Net profit for the quarter rose to â¹2,814.82 crore from â¹1,263.81 crore a year ago. Shares of SBI moved higher by 3.6%, their highest level since March 2015 after its results.