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SBI reports strong financial performance: FY23 net profit jumps 58.6% to Rs 50,232 cr, Q4FY23 net profit soars 83% to Rs 16,695 cr

SBI reports strong financial performance: FY23 net profit jumps 58.6% to Rs 50,232 cr, Q4FY23 net profit soars 83% to Rs 16,695 cr

May 18, 2023, at 09:45 pm

Kolkata/IBNS: India's largest public sector lender State Bank of India on Thursday reported that its FY23 net profit crossed Rs 50,00 crore reaching Rs 50,232 crores, representing a YoY growth of 58.58%. The net profit for the fourth quarter also witnessed impressive growth, surging by 83.18% to Rs 16,695 crores.