The Small Industries Development Bank of India (SIDBI) on Tuesday said its net income jumped 71 per cent on-year to Rs 3,344 crore in FY23. The company’s Chairman and Managing Director Sivasubramanian Ramann said the massive increase in profit and all other key number were driven by better all round performance which has helped it more than double its income to Rs 18,485 crore.
Adressing the annual general meeting, Ramann said Sidbi achieved the highest-ever outstanding income, net-profit and balance sheet.
The institution’s balance sheet has crossed the Rs 4 lakh crore-mark.
Source:
Economic Times
