SBI recently posted a quarterly loss for the first time in nearly 19 years

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

SBI recently posted a quarterly loss for the first time in nearly 19 years - of

A	Rs 24.16 billion
B	Rs 32.16 billion
C	Rs 58.16 billion
D	Rs 46.16 billion

Explanation:

Detailed explanation-1: -SBI posts Rs 24.16 billion quarterly loss for first time in nearly 19 years | Business Standard News.

Detailed explanation-2: -State Bank of India (SBI)-the country’s largest lender by assets-on Friday reported a 68.5 per cent jump in net profit to a record Rs 14, 205.3 crore for the quarter ended December 2022 compared with the corresponding period a year ago.

Detailed explanation-3: -Operating Profit for Q2FY23 at Rs. 21, 120 crores; grew by 16.82% YoY. ROA at 1.04% for the quarter improved by 38 bps YoY. Bank’s ROA and ROE for the half year stand at 0.76% and 16.08% respectively.

Detailed explanation-4: -The largest commercial bank of India has posted highest ever quarterly net profit at ₹13, 265 crores whereas its year-on-year (YoY) net profit has risen around 74 per cent (73.93 per cent exact number).

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