State Bank of India (SBI) on Friday reported 28 per cent spike in net profit at Rs 18,331 crore for the quarter ended September 30, 2024. In the year ago period, it reported net profit of Rs 14,330 crore. On a sequential basis, SBI's Q2 profit rose 7.6 per cent from Rs 17,035.16 crore.
The company broke all previous records and achieved an unprecedented milestone by crossing operational income of Rs 10,400 crore.
With this growth, the company's consolidated net profit spiked to Rs 12,434 crore, compared to Rs 11,392 crore for the corresponding quarter of the previous year.
According to the statement from the company, the total income of the firm went down 1 per cent to Rs 60.19 crore, against Rs 60.81 crore in the year-ago period.
During a virtual press briefing on Friday, Atul Kumar Goel, Managing Director and Chief Executive Officer, PNB, said, "We don't have any exposure to Go First Airlines."
UCO Bank has posted net profit of Rs.652.97 Crore for Q3FY23 as against Rs.310.39 Crore for Q3FY22 registering growth of…
The total business of the bank has increased to Rs 35,6,677.47 crore as on June 30, 2022 from Rs 33,2,946.17 crore as on June 30, 2021 registering a growth of 7.13 percent.
The company's profit before tax for the quarter ended March 31, 2022 stood at Rs 4,622 crore compared to Rs 3,924 crore in the corresponding quarter of the previous year, representing a growth of 18 per cent
The Company claimed that they have also recommended payment of an interim dividend @ 30 % for the year 2021-22 as against the interim dividend of @ 25 % paid last year.
We noted rebound in volumes by the second fortnight of June 2021, said Lalit Khaitan, chairman and MD
