State Bank of India (SBI) has
registered a 32 percent decline in net profit in the fourth quarter financial (Q4), which broken 31 March this year.
Net income for the bank in the fourth quarter of this year has fallen from last year's remarkable Rs. 27.4 billion to
RS 18700000000.
The reason cited behind drop in profits is higher
provision for wage revision arrears liquidity overhang and unprofitable assets.