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SBI, Tata Motors, Indigo, UPL, Bank of India in focus
SBI: The PSU banks standalone net profit slipped 35.49% to Rs 9,163.96 crore in Q3 FY24 as against Rs 14,205.34 crore posted in Q3 FY23. Profit after tax for the December 2023 quarter includes provisions of Rs 7,100 crore on account of one-time increase in pension liabilities at uniform rate of 50% and dearness relief neutralization. Total income increased 20.5% year on year (YoY) to Rs 1,18,192.68 crore in the quarter ended 31 December 2023.