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arrows edge casino gamesState Bank of India on Friday posted over four-fold jump in standalone net profit at Rs 3,581 crore for March quarter, 2019-20 mainly on account of stake sale in its credit card subsidiary and fall in bad loans.“To pass on the benefit of our falling cost of funds to customers, we have reduced MCLR by 10 bps across one-year maturity,” a statement from the bank said.
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