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Bureaucracy

SBI sees 35% dip in net profit in Q3

The State Bank of India (SBI) has disclosed a 35 per cent decline in net profit for the third quarter concluding on December 31. This decrease has been attributed to a one-time provision made for pension liability and dearness relief neutralisation. Dinesh Khara is the Chairman of SBI.

By Whispers in the Corridors 1 min read
SBI sees 35% dip in net profit in Q3

The State Bank of India (SBI) has disclosed a 35 per cent decline in net profit for the third quarter concluding on December 31. This decrease has been attributed to a one-time provision made for pension liability and dearness relief neutralisation. Dinesh Khara is the Chairman of SBI.

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