The country's top lender by assets, State Bank of India, more than doubled its net profit in Q4 and reduced its bad loan ratio from the previous quarter. Standalone net profit, not including contributions from subsidiaries, jumped to Rs 28.15 billion ($433.44 million) for the three months to March 31 from Rs 12.64 billion a year earlier. Analysts on average had expected a net profit of Rs₹28.33 billion for the lender, according to data compiled by Thomson Reuters. SBI accounts for more than a fifth of India's total banking assets. Gross bad loans as a percentage of total loans fell to 6.9 percent in March from 7.23 percent in December.