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SBI reported a 35% Q3 net profit decline to Rs 9,163 cr due to a Rs 7,100 cr exceptional item covering higher pension & wage revisions.
State Bank of India (SBI) reported a 35% decline in net profit at Rs 9,163 crore for the October-December quarter of the current financial year.
The drop in profit was due to a one-time exceptional item of Rs 7,100 crore for a provision towards higher pension costs and wage revisions of its staff.
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SBI informó una disminución del beneficio neto del 35% en el tercer trimestre a Rs 9.163 cr debido a una partida excepcional de Rs 7.100 cr que cubre mayores revisiones de pensiones y salarios.