SBI net up 28% at Rs18k cr in September quarter

State Bank of India (SBI) recorded its highest-ever net profit of Rs 18,331 crore in the September quarter, marking a 28% surge. This achievement was fueled by substantial growth in both interest and non-interest income, coupled with controlled operating expenses. SBI also celebrated reaching a milestone of Rs 50 lakh crore in deposits during this period.

Nov 9, 2024 - 05:30
SBI net up 28% at Rs18k cr in September quarter

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State Bank of India (SBI) recorded its highest-ever net profit of Rs 18,331 crore in the September quarter, marking a 28% surge. This achievement was fueled by substantial growth in both interest and non-interest income, coupled with controlled operating expenses. SBI also celebrated reaching a milestone of Rs 50 lakh crore in deposits during this period.
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