The Mumbai based government run bank reported a 68% rise in its net profit to a record high of ₹14,205 crore during the third quarter ended December 2022 as compared to ₹crore in the year-ago quarter.
Its net interest income (NII), which is the difference between interest earned and expended, rose 24% to ₹38,068 crore from ₹30,687 crore year-on-year (YoY). Domestic net interest margin (NIM) for Q3FY23 increased by 29 bps YoY to 3.69%.
Regarding intimation of meeting of the Central Board of the Bank to be convened on Thursday the 18th May 2023 at Mumbai, to consider the financial results of the Bank for the quarter/year ended 31st March 2023″ SBI said in a regulatory filing.
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