STATE BANK OF INDIA (SBI) on Friday reported a 28% year-on-year growth in net profit at ₹18,331 crore for the quarter ending September, driven by improved asset quality and higher credit sales, both of which the management led by new chairman C S Setty guided for better show in the next two quarters.
The country's largest lender had booked ₹14,330 crore of net profit in the year-ago period.
Setty, assumed office last month, said in the reporting quarter, the bank earned an interest income of ₹1.14 lakh crore, up 12.32% YoY, while net interest income grew at a lower pace of 5.37% YoY to ₹41,620 crore, from ₹39,500 crore in a year ago period.
This story is from the November 09, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 09, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The Holiday Nutrition Dilemma
With non-starchy vegetables like greens, carrots, or broccoli. Reserve 25 percent for lean proteins like turkey or fish.
Anupam Sud's canvas fabulises our times
THE Journey A Full Circle', a solo art exhibition by Anupam Sud, has opened recently at Palette Art Gallery.
THE BIRDS ARE COMING
As winters attract varied bird species to Delhi-NCR, TMS heads to Okhla Bird Sanctuary for an insightful walk.
From Melbourne with season's greetings
TRAVIS HEAD was running back and forth on one corner of the outfield at the Melbourne Cricket Ground.
PL leaders Liverpool host Leicester, Arsenal prepare for life without Saka
CHRISTMAS Premier League chart-toppers Liverpool are overwhelming favourites to see off struggling Leicester on Boxing Day (Thursday).
SA Eye WTC Final in 2-Test Series vs Pak
SOUTH AFRICA will be eyeing a place in the World Test Championship final with an all-seam attack against Pakistan in the first Test, starting Thursday.
Coaching & playing: Twin role with purpose for badminton nat'l's finalists
SHUTTLERS Lokeshviswanathan and Naveen P's journey is a tale of perseverance, hard work and resourcefulness. In the just-concluded national championships in Bengaluru, the doubles specialists from Tamil Nadu were one of the standout performers as they reached the title match before going down with a fight.
Where will India captain bat?
IT'S been a question that followed India captain Rohit Sharma from the moment he landed in Perth.
Booming Bumrah
PACER, WHO BURST ONTO THE SCENE SIX YEARS AGO, HAS GOTTEN BETTER WITH TIME TO BECOME ONE OF THE MOST INFLUENTIAL BOWLERS OF HIS ERA
Food delivery app Waayu expands to 25 cities
ZERO-commission food delivery app Waayu, which announced its expansion into 25 cities across the country, aims to onboard 10,000 restaurants in six months and targets 1 lakh restaurants in three years.
