State Bank of India, the country's largest lender by assets, reported a better-than-expected quarterly profit on Thursday driven by strong loan growth. The state-run lender reported a net profit of 168.

State Bank of India recorded an 84% increase in Q3 net profit to Rs 16,891 crore, driven by a lower base year. Despite a 14% growth in advances, net interest income rose only 4% due to a narrowing margin.

State Bank of India reported a rise in third-quarter profit, backed by strong growth in loans to small and medium-sized companies.

State Bank of India , the country's largest lender by assets, reported an 84% jump in quarterly profit on Thursday, helped by lower staff-related expenses and greater net interest income.