Analysts had on average forecast a net profit of 23.21 billion rupees, according to Thomson Reuters data.
Still the Reserve Bank of India will operate as usual and can provide funds via its overnight repo window, traders also said.
SBI, which accounts for about a quarter of India's loans and deposits, said standalone net profit fell about 8 per cent from a year earlier to Rs 30.41 billion ($519.8 million) in its fiscal fourth quarter to March 31.
A Boeing Co 787 Dreamliner operated by Air India this week returned to London due to a communications problem, but has since been operational, the state-run carrier said on Wednesday.
Roy was jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog.
Indian budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said on Tuesday.
American Tower bulks up in India with $1.2 billion Viom stake buy
Two straight years of less than 5 percent economic expansion have led to a surge in bad loans for Indian lenders.
The new hire, Gangadhar Darbha, joined as a consultant
Jet Airways, part-owned by Abu Dhabi's Etihad, reported its biggest-ever quarterly loss as costs jumped and it took a charge on its investment in a subsidiary.
Alibaba, the world's biggest e-commerce firm by transaction value, supports small businesses on its platforms.
In the RBI's monetary policy statement review, Governor Raghuram Rajan said banks could extend timelines for large stalled projects by bringing in new 'promoters', or owners.
Pending final approvals, Huawei would become the first big-name Chinese phone maker to manufacture hardware in India's growing market.
Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
The election of Prime Minister Narendra Modi along with the Reserve Bank of India's commitment to contain inflation have sparked the improved confidence.
Finance Minister Arun Jaitley last month pointed to the high cost of capital for India's businesses as a key factor behind a manufacturing slowdown.
Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors
The contract would give a big boost to India's $150 billion nuclear power programme, and a broader push to curb greenhouse gas emissions.
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
Twitter is planning to replicate parts of its India election strategy across countries that go to polls this year, after it emerged as a key tool for politicians and media companies during the world's largest democratic exercise.
Annualised staff attrition rate at Infosys rose to a record 20.1 per cent in the September quarter.
It was unclear how bankers were deciding which jewellers to support
As oil minister, he has overseen India's petroleum and natural gas needs. But now he also runs the environment ministry, where he has issued permits for 100 stalled projects in a month-long spree that has delighted industry but shocked green activists.
Modi placed a $12.6 billion bet in this year's budget on road building
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
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