SBI emerges as the second most profitable company in India

Daily Current Affairs / SBI emerges as the second most profitable company in India

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Category : Business and economics Published on: May 22 2023

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State Bank of India (SBI) emerged as the most profitable firm after Reliance Industries in FY23 as it clocked a 41% compounded growth in earnings over the last three years.
SBI reported a 57% year-on-year surge in net profit to ₹55,648 crore for FY23.
Barring Reliance Industries, no other Indian company has ever crossed ₹50,000 crore in profitability.