SBI's net profit jumps 24% to ₹20,698 crore in January-March

State Bank of India (SBI) on Thursday said its net profit in the fourth quarter (January-March) stood at ₹20,698 crore. This marks around 24% increase from net profit of ₹16,694.51 crore recorded in fourth quarter of last financial year. The country's largest lender's share of non-performing assets (NPAs) also reduced from 0.67% to 0.57%.