SBI net dips 9.9% after one-time provision for pension liabilities

State Bank of India's Q4 net profit dipped 9.9% to Rs 18,643 crore due to a one-time pension provision of Rs 7,100 crore following a 50% pension hike. Excluding this, operating profit rose 8.8%. Non-interest income surged 39.4%, driven by treasury gains. Asset quality improved, with gross NPAs below 2% for the first time.