SBI Q3 preview: Net profit declines 35% on one-time pension provisions

[ MUMBAI: State Bank of India reported a 35% drop in net profit for the quarter ended December 2023 following a one-time exceptional provision of Rs 7,100 crore, comprising Rs 5,700 crore for pensions and the rest for salaries.The country’s largest bank reported a net profit of Rs 9,164 crore for the quarter ended December … Read more