SBI aims to become first financial firm to cross milestone of Rs 1 lakh crore profit: Chairman

State Bank of India aims to become the first Indian financial firm to achieve a net profit of Rs 1 lakh crore in the next 3-5 years. The bank recorded a standalone net profit of Rs 61,077 crore in FY24. SBI has a strong credit pipeline and expects private sector capital expenditure to increase in the second half of the fiscal year.
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