💨 Abstract

SBI reported an 84% increase in Q3 net profit to Rs 16,891 crore, aided by a lower base in the previous year. The bank's core net interest income grew 4% year-on-year to Rs 41,446 crore, despite a narrowing net interest margin at 3.15%. Chairman C S Setty attributed the margin impact to shifts in customer preferences towards fixed deposits.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖