Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 261)
261.
What was the reason for the State Bank of India (SBI) achieving its highest-ever quarterly profit in Q1 2023-24?
Increased digital acquisitions
Strong credit growth in the agricultural sector
Improved asset quality and higher interest income
Successful revival of the IPO plan
Answer: Option
Explanation:
SBI's highest-ever quarterly profit was attributed to improved asset quality and increased interest income. Despite SBI's remarkable results, its shares declined by nearly 3% due to some sequential indicators showing slight deterioration, including margins and net interest income.
Discussion:
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