Correct option is C
The correct answer is: (c) ₹40,000 crore
Explanation:
The State Bank of India (SBI) projected to plough back approximately ₹40,000 crore in profits by the end of the financial year 2023–24 (FY24).
The State Bank of India (SBI) projected to plough back approximately ₹40,000 crore in profits by the end of the financial year 2023–24 (FY24).
This reinvestment strategy aims to bolster the bank's capital adequacy ratio and support future growth initiatives without resorting to external capital raising.
Information Booster:
SBI's Net Profit in FY24:₹61,077 crore (highest ever).
Capital Adequacy Ratio (CAR):Improved to 14.28% by FY24.
Loan Growth in FY24:15.8% year-on-year.
Deposit Growth in FY24:11.1% year-on-year.
Return on Equity (ROE):Achieved 20.32% in FY24.
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