India’s Top Bank Net Income Beats Estimates, Shares Rise

State Bank of India reported better-than-expected profit in its first quarter, as the country’s biggest lender benefitted from strong credit growth in the world’s fastest-growing major economy. Shares rose. State Bank of India reported better-than-expected profit in its first quarter, as the country’s biggest lender benefitted from strong credit growth in the world’s fastest-growing major economy. Shares rose.