MUMBAI, Feb 14 (Reuters) - State Bank of India, the
country's biggest lender, reported a 4 percent gain in quarterly
net profit, the smallest increase in more than a year, as higher
provisions for bad loans and slower loan demand hurt growth.
Standalone net profit rose to 33.96 billion rupees ($631.40
million) for the quarter ended December from 32.6 billion rupees
a year earlier, the bank said on Thursday.
Analysts, on average, had expected a net profit of 36.96
billion rupees, according to Thomson Reuters I/B/E/S.
SBI's standalone non-performing loan ratio of 2.59 percent of
assets for the quarter compares with 2.2 percent a year earlier.
($1 = 53.79 rupees)
(Reporting by Swati Pandey; Editing by Anupama Dwivedi)