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SBI registers its highest quarterly net-profit of Rs 7,627 crores, growth of 66.73 pc on YoY basis

State Bank of India (SBI) has recorded its highest quarterly net profit of Rs 7,627 crores in Quarter 2 of the Financial Year 2021-22, which represents a year-o ....

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SBI Q2 Net Profit surges 67%, bank registers highest quarterly Net Profit of Rs 7,627 crores

The bank's Operating Profit increased by 9.84% YoY to Rs 18,079 crores in Q2FY22 from Rs 16,460 crores in Q2FY21. ....

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State Bank of India's domestic advances growth rebounds to 5.67% in FY21

State Bank of India (SBI) witnessed a rebound in domestic advances growth to 5.67 per cent in 2020-21, while corporate credit de-grew over 3 per cent, the bank said in its annual report for FY21 on Friday.
SBI said that despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021.
Deposits grew in double digits, while advances rebounded compared to the preceding fiscal year, it said. Credit off-take of all the scheduled commercial banks (SCBs) continued its downward momentum and grew at a 59-year low of 5.6 per cent, SBI said.
However, SBI s domestic advances growth has rebounded and grew 5.67 per cent to over Rs 21.82 trillion as against 3.75 per cent growth in FY2020, SBI said in its annual report. The foreign offices advances growth contracted 0.14 per cent to Rs 3.57 trillion. Thus, the gross advances grew 4.81 per cent to Rs 25.39 trillion in FY2020-21 from the previous year level of Rs 24.23 lakh crore, it said. The ....

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