In its Q2 FY25 financial results, State Bank of India (SBI) reported a solid balance sheet with substantial growth in deposits and advances. The bank’s deposits rose by 9.13% year-over-year (YoY), driven by increased CASA (Current Account Savings Account) deposits and a healthy domestic advances portfolio.
Key Balance Sheet Highlights:
- Deposits: SBI’s deposits grew by 9.13% YoY, reaching ₹45.45 lakh crore, with CASA deposits rising by 4.24% YoY. The CASA ratio stands at 40.03%, reflecting a stable funding base.
- Domestic Advances: The domestic advances grew by 15.55% YoY, primarily driven by corporate advances, which rose by 18.35% YoY, and agri advances, which increased by 17.67% YoY.
- SME and Retail Loans: The SME and retail personal advances registered YoY growth rates of 17.36% and 12.32%, respectively, demonstrating strong demand across various segments.
SBI’s focus on expanding its lending portfolio, coupled with a stable deposit base, has resulted in a resilient balance sheet. The growth in advances aligns with the bank’s strategic focus on supporting diverse segments in the economy.
