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.

February 02, 2024
15 Articles

Further Reading