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Detailed explanation-1: -SBI Cards and Payment Services on Thursday reported a 52% year-on-year increase in its net profit for the three months ended September 30 to Rs 526 crore, led by an increase in revenue. Total income was at Rs 3, 453 crore, higher by 6% YoY, boosted by interest income, fees income and other income.

Detailed explanation-2: -SBI shares rose three per cent ahead of the earnings announcement. 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: -Country’s largest lender State Bank of India on Friday reported a 62 per cent growth in its net profit at Rs 15, 477 crore during the quarter ended December 2022.

Detailed explanation-4: -SBI’s net profit in second quarter of the current financial year rose 74 per cent to Rs 13, 265 crore from Rs 7, 626.57 crore during the same period last year. State Bank of India.

Detailed explanation-5: -State Bank of India (SBI) has reported its highest-ever quarterly standalone net profit at ₹14, 205 crore in the third quarter of FY23 on the back of healthy growth in net interest income and non-interest income, and a sharp decline in loan loss provisions.