State Bank of India (SBI) delivered robust financial results for Q3 FY25, registering a significant 84% year-on-year (YoY) growth in net profit at ₹16,891 crore compared to ₹9,163 crore in the same quarter last year. The bank’s stellar performance was driven by improved asset quality, higher net interest income (NII), and strong credit growth.
Key Financial Highlights:
- Net profit: ₹16,891 crore, up 84.32% YoY.
- Operating profit: ₹23,551 crore, up 15.81% YoY.
- Net interest income (NII): ₹41,446 crore, increased by 4.09% YoY.
- Whole Bank Net Interest Margin (NIM): 3.01% for Q3 FY25.
Asset Quality and Balance Sheet Strength:
- Gross NPAs: 2.07%, improved by 35 basis points (bps) YoY.
- Net NPAs: 0.53%, down by 11 bps YoY.
- Provision Coverage Ratio (PCR): 74.66%, up by 49 bps YoY.
- Slippage ratio: 0.59% for 9MFY25, improved by 8 bps YoY.
- Credit cost: 0.24% for Q3 FY25.
- Gross advances: ₹40 lakh crore, reflecting 14.06% YoY growth.
Business and Digital Expansion:
- Credit growth: 13.49% YoY, led by SME advances (+18.71% YoY) and agri advances (+15.31% YoY).
- Deposits: Grew 9.81% YoY, with CASA deposits rising 4.46%.
- Digital growth: 64% of SB accounts were opened through the YONO platform, and alternate channel transactions accounted for 98.1% of total transactions in 9MFY25.
Capital Adequacy:
- Capital adequacy ratio (CAR): 13.03% as of December 31, 2024.
SBI’s continued focus on strengthening its asset quality, increasing digital adoption, and expanding its credit portfolio underscores its resilience and long-term growth potential.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
