The country’s largest bank reported a net profit of ₹9,164 crore for the third quarter against ₹14,205 crore a year earlier. It made provisions of ₹13,413 crore to deal with impending pension and wage hikes. “The provisions are one-time items,” SBI chairman Dinesh Khara said. “We had to correct anomalies in our pension and dearness allowances after a ruling in a court case, which was going on since 2022.,” he said.
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