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India's largest bank SBI posts record quarterly profit

BENGALURU, May 21 (Reuters) - State Bank of India, the country’s largest lender by assets, posted a record quarterly profit on Friday, as provisions for soured assets slid.

Net profit rose 80% to 64.51 billion rupees ($883.09 million) for the three months ended March 31, from 35.81 billion rupees a year earlier, SBI said in a regulatory filing here. ($1 = 73.0500 Indian rupees) (Reporting by Chris Thomas in Bengaluru)

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