Bloomberg State Bank of India (SBI), the nation’s largest lender, posted fourth-quarter profit that missed analyst estimate as bad loan provisions rise and income from businesses other than lending dropped. Net income stood at 91.1 billion rupees ($1.2 billion) in the three months to March, the highest ever quarterly profit, compared with 64.5 billion rupees a year earlier. That ...

  Bloomberg Westpac Banking Corp.’s first-half profit topped analyst estimates as costs continued to decline, offsetting ongoing competition in mortgages and business lending. The stock opened higher. Cash profit at Australia’s third-largest lender falls to A$3.1 billion in the six months to March 31, compared with the same period a year earlier, according to a statement. That beat the A$2.9 ...

Bloomberg Elon Musk sowed new chaos into the market over his takeover bid for Twitter Inc, first claiming his offer was “temporarily on hold” and then maintaining he is “still committed” to the deal, sending the social media giant into a tailspin. The billionaire initially sent an early tweet saying the $44 billion deal is pending until he receives more ...