August 12, 2013 / 9:37 AM / 4 years ago

State Bank of India June qtr standalone NIM at 3.44 pct

Aug 12 (Reuters) - State Bank of India (SBI), the country’s top lender, posted a standalone net interest margin of 3.44 percent in the quarter ended June, its Chief Financial Officer Arundhati Bhattacharya said on Monday.

The bank earlier reported a second consecutive drop in quarterly net profit, missing estimates, on worsening asset quality, higher operating expenses and muted growth in interest income. (Reporting by Swati Pandey in MUMBAI; Editing by Anupama Dwivedi)

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