SBI’s first-quarter net profit: Due to a reduction in revenue, the largest lender in the nation, State Bank of India (SBI), reported a 7% decline in standalone net profit for the first quarter of the current fiscal year, coming in at Rs 6,068 crore. In the April through June quarter of 2021–2022, the bank had posted a net profit of Rs 6,504 crore. SBI reported in a regulatory filing that its standalone total income decreased to Rs 74,998.57 crore in the first quarter of 2022–23 from Rs 77,347.17 crore in the same period last year.
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