State Bank of India (SBI) has announced its financial results for Q2 FY25, showing notable growth in key profitability metrics. The bank’s Net Interest Income (NII) for the quarter grew by 5.37% year-over-year (YoY), reflecting effective interest income generation in a competitive market.
Key Profitability Highlights:
- Net Interest Income (NII): SBI’s NII for Q2 FY25 stood at ₹41,046 crore, marking a 5.37% increase YoY.
- Operating Profit: The bank reported an operating profit of ₹29,294 crore, registering a substantial 50.87% YoY growth, underscoring strong operational performance.
- Net Profit: SBI’s net profit surged by 27.92% YoY to reach ₹18,331 crore, demonstrating the bank’s solid profitability.
This performance reflects SBI’s strong lending operations and focus on enhancing income from core banking activities. The bank’s consistent growth in profitability metrics signifies robust financial management and a focus on sustainable earnings.
