At nearly Rs 21k crore, SBI posts highest ever profit in a quarter

SBI's profit is also the highest reported by any entity in this quarter. Reliance Industries posted a net profit of Rs 18,951 crore in Q4, while HDFC Bank, which was previously the most profitable lender, reported a profit of Rs 16,512 crore in the same period. SBI's FY24 net profit stood at Rs 61,077 crore - a growth of 22% over the previous year - after accounting for wage settlement and a one-time exceptional item of Rs 7,100 crore.

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