The State Bank of India’s net profit surges by more than 70% on loan growth and improved asset quality The State Bank of India (SBI), the country’s biggest lender, has seen an almost 74% surge in quarterly net profit, the bank said in a press release on Saturday.

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The bank invested the funds in US and UK companies despite trade tensions between Washington and Beijing, the outlet reports  US investment bank Goldman Sachs set up a fund with Chinese state money to acquire a number of American and British companies, including one providing cybersecurity services for the UK government, the Financial Times reported…