MUMBAI: State Bank of India (SBI) , India’s biggest lender, said on Friday its fourth quarter profit rose 41% to 91.14 billion Indian rupees ($1.18 billion), as the state-run bank set aside less money for bad loans.

Air India appoints first foreign CEO

Income from interest on loans rose 8.6%, while provisions for bad loans fell by two-thirds to 32.62 billion rupees, the bank said in a filing to exchanges on Friday.