State Bank of India Chairman CS Setty highlighted the importance of robust financial infrastructure for the nation's Viksit Bharat 2047 vision. The banking leader emphasized that achieving this goal requires expanding capital markets, promoting innovation and developing financial expertise. SBI pledges to serve as a collaborative partner throughout this transformation process. Market participants praised the bank's service excellence and rapid response times.
India's largest public sector bank posted quarterly net profits of Rs 19,160 crore during April-June, representing a 12.5 percent jump from the previous year's Rs 17,035 crore. Operating profits surged 15.49 percent year-over-year to reach Rs 30,544 crore. Meanwhile, Bombay Stock Exchange companies achieved a combined market capitalization of Rs 465 lakh crore, marking an 11-month high. This figure remains just 2.7 percent below the record set on September 27, 2024.
India's largest public sector bank posted quarterly net profits of Rs 19,160 crore during April-June, representing a 12.5 percent jump from the previous year's Rs 17,035 crore. Operating profits surged 15.49 percent year-over-year to reach Rs 30,544 crore. Meanwhile, Bombay Stock Exchange companies achieved a combined market capitalization of Rs 465 lakh crore, marking an 11-month high. This figure remains just 2.7 percent below the record set on September 27, 2024.
