Wednesday, July 2, 2025

SBI information 35% fall in Q3 web revenue at Rs 9,163 crore

Published on

Advertisement


NEW DELHI: State Financial institution of India (SBI) on Saturday reported a 35 per cent decline in web revenue at Rs 9, 163 crore for the October-December quarter of the present monetary 12 months.

SBI mentioned that the drop in revenue was on account of a one-time distinctive merchandise of Rs 7, 100 crore for a provision in direction of greater pension prices and wage revisions of its workers.

The nation’s largest financial institution had made a web revenue of Rs 14205 crore in the identical quarter of the earlier 12 months.

The financial institution mentioned it has earned Rs 105, 733.78 crore in curiosity revenue in Q3 FY24, which was up 22 per cent from Rs 86, 616.04 crore reported within the year-ago interval.

The web curiosity revenue (NII) of the nation’s largest financial institution stood at Rs 39, 815 crore for the quarter.

Latest articles

Trump Threatens To Deport Elon Musk Over Tax Dispute

AdsDonald Trump publicly acknowledged he would “have a look” at the opportunity of...

Trump Threatens To ‘look Into’ Deporting Elon Musk Amid Escalating Tax Invoice Feud

AdsDonald Trump publicly acknowledged he would “have a look” at the potential for...

Big Promises, Small Progress: India-U.S. Trade Deal Struggles to Take Off

New Delhi/Washington, July 1, 2025 — The much-hyped India–U.S. trade agreement, once described by...
Advertisement
Advertisement