The SBI move follows an off-cycle rate increase by the Reserve Bank of India which hiked the repo rate by 0.40% to 4.40% The SBI move follows an off-cycle rate increase by the Reserve Bank of India which hiked the repo rate by 0.40% to 4.40% The country’s largest lender State Bank of India has […]
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State Bank of India (SBI) reported a 41.3% jump in fourth-quarter net profit at ₹9,114 crore on the back of a significant improvement in asset quality during the three months ended March 31. For the financial year, the state-run lender’s net profit grew 55.2% to ₹31,676 crore. “FY22 was an extraordinary year,” Chairman Dinesh Khara […]
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