Indian public sector banks (PSBs) have posted a record Rs 1.29 lakh crore profit in April-December 2022, driven by improved asset quality, strong credit growth, and adequate capital buffers.
India’s largest lender, State Bank of India (SBI), delivered a strong third-quarter performance and stated that a 25-basis-point (bps) interest rate cut by the Reserve Bank of India (RBI) in February ...
Revenue up 7.9% at Rs 4,593 crore versus Rs 4,256 crore (Bloomberg estimate: 4,507 crore). Ebitda up 2.9% at Rs 845 crore versus Rs 821 crore (Estimate: Rs 769 crore).
SBI on Thursday posted an 84 per cent jump in its December quarter net profit to Rs 16,891 crore, helped by a lower base in the year-ago period. The country’s largest lender’s standalone net profit in ...