SBI has reported impressive Q2 results, with a net profit of ₹18,331 crore, marking a significant increase from ₹14,330 crore in the same quarter last year. The reported net profit also exceeded analysts’ estimates of ₹15,400 crore, showcasing SBI’s strong performance.
Key Highlights:
- Net Profit: ₹18,331 crore in Q2 FY25, up from ₹14,330 crore YoY.
- Gross Non-Performing Assets (GNPA): Improved to 2.13% in Q2 FY25 from 2.21% in the previous quarter (Q1 FY25).
- Net Non-Performing Assets (NNPA): Reduced to 0.53% from 0.57% QoQ, reflecting SBI’s effective management of asset quality.
Interest Earned: ₹1,13,870.56 crore
- Interest/Discount on Advances/Bills: ₹81,528.57 crore
- Income on Investments: ₹28,023.64 crore
- Interest on Balances with RBI and Other Inter-Bank Funds: ₹980.89 crore
- Other Interest Income: ₹3,337.46 crore
The results underline SBI’s robust financial health and operational efficiency, with asset quality showing consistent improvement.
TOPICS:
SBI