State Bank of India (SBI) — the country's largest lender — on Friday reported a record standalone net profit of Rs 16,884.3 crore for the April-June period, beating analysts' estimates, driven by a rise in net interest income, healthy loan growth and lower provisions. The state-run bank had registered a net profit of Rs 6,068.1 crore for the corresponding quarter a year ago. 

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Its net interest income (NII) — or the difference between interest earned and interest paid — came in at Rs 38,905 crore for the first quarter of the current financial year, as against Rs 31,195.9 crore for the year-ago period, according to a regulatory filing. 

According to Zee Business research, SBI was estimated to report a quarterly standalone net profit of Rs 15,680 crore and net interest income of Rs 40,600 crore. 

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