SBI posts record $9.2 billion profit in FY25, driven by digital...

Dununu.com Dununu

Sponsored

SBI posts record $9.2 billion profit in FY25, driven by digital cohort

RSS Feed Business

Posted

92

State Bank of India reported record profits driven by its digital banking platform, YONO, despite a relatively small digital user base. While YONO contributes significantly to loan disbursements and transactions, SBI faces challenges in converting its vast legacy customer base to digital platforms. Experts suggest optimizing digital adoption and phasing out underutilized physical infrastructure to enhance efficiency and market valuation.

Read Full Article

Please log in to like, share and comment!

‘Russia has conducted direct assault on Ukraine’s culture’

Ukrainian ambassador Oleksandr Polishchuk responded to his Russian counterpart’s letter...

By 0 4

Video: Iran destroys US communication Radome in Qatar; satellite imagery shows possible strike impact

By 0 4

50% tariff & 'witch hunt' cry: Why Trump is going all-out against Brazil; is it beyond economics?

Donald Trump's 50% tariff on Brazilian imports has ignited a diplomatic clash with President...

By 0 4

Nepalis allowed to carry $3,000 on foreign trips

KATHMANDU: The limit on the amount of foreign currency Nepalis can carry while traveling abroad...

By 0 7

Countering China: India eyes Rs 1,345 crore scheme on rare earth magnets; Indian companies express interest

India is set to focus on domestic production of rare earth magnets with a Rs 1,345 crore...

By 0 7