SBI sees profit up to Rs 3,000 cr in 3 years after associates merger

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The head of State Bank of India (SBI), the country's largest lender, said she expects a boost to annual profit of as much as Rs 3,000 crore ($465 million) in three years on cost and efficiency gains from the absorption of associate banks.

Chair Arundhati Bhattacharya also said in an interview that signs of more factory activity pointed to a turnaround in India's weak credit cycle this financial year (FY) — welcome news for a government keen to revive private investment.document.write(""); googletag.cmd.push(function() { googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop', 'div-gpt-ad-1490771277198-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().enableSyncRendering(); googletag.enableServices(); });

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