Apart from the impressive profit statistics, the bank had significant rise in its net interest income (NII) for the quarter ended September 2023, rising by 12.3% YoY to Rs 39,500 crore. These outcomes have outperformed market expectations, indicating a robust performance in an adverse economic climate.
These results have exceeded market estimates, signifying a strong performance in a challenging economic environment.
However, it’s not just profit and NII that grabbed the spotlight. SBI’s domestic net interest margin (NIM) for Quarter 2 Financial Year 2024 (Q2FY24) came in at 3.43 per cent, indicating a YoY decline of 12 basis points.
This points to the intricacies of navigating the complex financial landscape.
Denne historien er fra November 06, 2023-utgaven av The Business Guardian.
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Denne historien er fra November 06, 2023-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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CJI PERMITS VIRTUAL HEARINGS, RULES OUT FULL ONLINE SHIFT
However, CJI did not allow top court to go fully online, affirms lawyers' option to appear virtually.
At 78.67 lakh, Metro records highesther dailyltidership
Metro recorded its highest-ever daily ridership, with an impressive 78.67 lakh passenger journeys, according to official data. This surpassed the previous record of 77.49 lakh passengers set on August 20 of this year.
BJP youth wing stages protest
The BJP Youth Wing held a protest at Anand Vihar Chowk, near Delhi's border, to highlight the alarming pollution levels in the capital.
Gopal Rai seeks PM's help on pollution
The AAP government in Delhi has urged the Prime Minister to expedite the process of implementing artificial rain in the capital.
SC dismisses bail petition after adjournment sought for 4th time
The Supreme Court in the case Nilesh Dnyaneshwar Desale Versus The State Of Maharashtra observed and has dismissed the petition filed seeking bail after adjournment was sought on the fourth occasion.
RAJASTHAN HIGH COURT IMPLEADS THEN JODHPUR COLLECTOR, SDO, TEHSILDAR IN ENCROACHMENT CASE; WARNS OF JAIL SENTENCE IF ORDERS ARE NOT FOLLOWED
The Jodhpur bench of Rajasthan High Court in the case Mahesh Kumar Pal v Mr. T. Ravikanth & Ors observed and has directed the petitioner to implead the then concerned Collector, Subdivisional Officer and Tehsildar to seek their stand, warning them of punishment which includes \"jail sentence\" if they don't pay heed to court orders.
Delhi air pollution: Supreme Court advises use of masks amid *severe*, air quality In Delhi-NCR
The Supreme Court in the case has issued strict adherence to preventive health measures, which includes wearing masks, as air quality in Delhi-NCR continues to deteriorate.
SC: Labour Court's factual finding should not be disturbed by Writ Court without a compelling reason
The Supreme Court in the case Ganapati Bhikarao Naik Versus Nuclear Power Corporation Of India Limited observed that the factual findings of a Labour Court should not be normally disturbed by a Writ Court without a compelling reason.
CASTE CENSUS: BRIDGING INEQUALITY OR DIVIDING INDIA?
The concept of a caste census is not new. Historically, the idea of enumerating castes has been intertwined with India's governance and social structures.
Calcutta High Court: Govt office is public property, any political party ransacking it must be appropriately charged
The Calcutta High Court in the case Amiruddin Versus The State Of West Bengal And Ors observed and took a strong objection wherein the petition is filed highlighting the alleged ransacking of a panchayat office by workers of a certain political party.
