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Mumbai: The country’s largest lender State Bank of India, on Friday, reported a standalone net profit of ₹19.683.75 crore in the March quarter of FY26 (Q4FY26), up 5.6% year-on-year. Its net interest income (NII) in Q4FY26 increased 4% on year to ₹44,380 crore
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Trump says next G20 summit to be held at his golf club, but he won't make money
Trump says next G20 summit to be held at his Florida golf club, but he ‘won’t make any money’ from it
US President Donald Trump said on Friday that the US will host the next Group of 20 summit at his Doral golf resort in Florida, calling it “the best location” for the major international event.
He noted that his family's business would not profit from the decision.
In his first term, Trump tried to host a separate global summit at the club, but backed down after criticism from his own party about the propriety of doing so. Now, though, Trump rarely travels domestically without golfing at or staying in properties bearing his name and has faced very little political blowback, as reported by AP.
He's actively promoted his $TRUMP meme coin and even hosted the top 220 investors in it for a swanky dinner in May at his golf property in Virginia. The president made his first foreign trip to Saudi Arabia, after his sons crisscrossed the region drumming up business for the family's other cryptocurrency ventures. Trump also went to Scotland to inaugurate his new golf course there.
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The G20 is made up of some of the world's major economies, the European Union and the African Union. Hosting the G20 at Doral would be an especially striking example of using the presidency to enrich his family, but Trump wasted little time defending it.
“I think everybody wants it there,” he said when asked if the global summit would be at his golf club and spa. Trump noted that the conference would be occurring in December 2026, a time of year when hotels in South Florida are often more full, and said that Doral had the space and was ideally suited because of its close proximity to the city's airport.
The United States hasn't hosted a G20 since it was held in Pittsburgh in 2009. The president suggested that organizers had requested the summit be at his property, but didn't elaborate. He said each delegation from different countries “will have its own building.”
“It's the best location, it's beautiful, beautiful everything,” Trump said, while adding, “We will not make any money on it.”
“We're doing a deal where it's not going to be money, there's no money in it. I just want it to go well,” Trump said. “I think it'll be really a beautiful thing.”
Also Read: Trump Aide Peter Navarro Goes On ANOTHER Long Rant On India Amid US Tariff Row
He also called Doral “very, very successful, one of the most successful properties in the country.”
Miami Mayor Frances Suarez, who attended Friday's G20 site announcement in the Oval Office, said it “puts us on the global map" but also acknowledged that, for the area, “It's a tremendous boom for your economy.”
“As the president knows," Suarez added. "He has multiple hospitality assets.”
Also Read: Amitabh Kant resigns as G20 sherpa, begins new journey after 45 years of govt service, says ‘incredibly thankful…'
Trump also said Friday that he would not be attending this year's G20 in South Africa, but planned to send Vice President JD Vance in his place.
Source: LiveMint
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