Private sector banks experienced a deceleration in operating and net profits for the third consecutive quarter due to reduced net interest income, increased bad loan provisioning, and continued margin pressure. Conversely, public sector banks reported significant profit growth, benefiting from robust increases in both pre-provision operating profit and net profit.
SBI board approves fundraising of up to Rs 20,000 crore via bonds
State Bank of India’s board has approved raising Rs 20,000 crore through Basel III-compliant bonds, leading to a share price increase of over 2%. While
July 16, 2025