Moody's: State Bank of India unchanged

Moody's Investors Service said that the relatively flat net profits reported by State Bank of India as a result of the bank's higher costs and loan loss provisions will not have an impact on the bank's ratings at this point.

But the agency cautioned that a possible continuation of this trend over the short- to medium-term would exert some pressure on the bank's currently stable outlook.

Moody's said it expects its financial metrics to improve further going forward.

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