SBI net profit up 84.3% to Rs 16,891 crore

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India Business News: MUMBAI: SBI reported a sharp 84.

Last year, the bank had to make a one-time provision toward pensions after the central board decided to have a uniform 50% rate for pensions for all retired employees, as against an earlier formula of 40% and 50%.

Operating expenses fell 6.5% to Rs.28,935 crore from Rs.30,939 crore, reflecting cost control measures.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaJordan

Topics: SBI asset quality improvement SBI financial results Business news SBI SBI net interest income growth SBI pension liabilities provision SBI digital transactions increase

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 19:32:00 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 705 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25948432

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