Headline capex understates the Union Budget’s infrastructure push. Adjusting for equity infusions, state and private spending, and extra-budgetary resources shows effective Centre infrastructure spending rose 18% year-on-year, led by defence, transport, housing, and water, alongside PLI and targeted tax incentives.
SBI Q3 Results: Profit jumps 24% YoY to Rs 21,028 crore, NII rises 9%
SBI Q3 Results: India’s largest public sector lender State Bank of India (SBI) on Saturday reported 24% year-on-year (YoY) growth in its standalone net profit