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SBI Q3 Results: State Bank of India's net interest income (NII) during October-December 2023 increased 4.59 per cent to Rs 39,815 crore, Net Profit Declines 35% YoY To Rs 9,164 Crore ....
Reliance Industries has been toppled from the position of India’s most profitable company by State Bank of India (SBI). According to the report, Reliance Industries lost out to SBI in 2023-24 (FY24) April-June quarter. ....
As far as asset quality is concerned, SBI s gross NPA number has improved by just two basis points, while the net NPA has worsened by four basis points. So, I do not attach much importance to this kind of number given the backdrop that the bank is now growing quite strongly in terms of advance growth. ....
SBI’s NII may jump 20-30 per cent while net interest margin (NIM) may expand with MCLR (marginal cost of funds) repricing, analysts said who sees credit cost for the state run bank staying below 1 per cent.