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SBI recently reports an 84.32% surge in NP, reaching ₹16,891 crore in Q3 FY25.

Banking & Finance | Dated: 11 Feb 2025

In February 2025, Mumbai (Maharashtra)-based State Bank of India (SBI) recently reported an 84.32% year-on-year (YoY) rise in its Net Profit (NP), reaching ₹16,891 crore, up from ₹9,164 crore in the 3rd Quarter of Financial Year 2024-25 (Q3 FY25). The surge was primarily driven by the absence of a one-time ₹7,100 crore pension provision and a decline in operating expenses.

🎯 Key Highlights:

- The operating profit for the quarter stood at ₹23,551 crore, marking a 15.81% YoY increase, while Net Interest Income (NII) grew by 4.09% YoY to ₹41,446 crore.
- The Return on Assets (ROA) improved by 42 basis points (bps) YoY to 1.04%, and the Net Interest Margin (NIM) for domestic operations stood at 3.15%.
- SBI’s total advances surpassed ₹40 lakh crore, marking a 13.49% YoY growth, while total deposits recorded a 9.81% YoY increase.

💡 Other Important Facts:

(i) SBI’s Gross Non-Performing Assets (NPA) ratio declined to 2.07%, while the Net NPA ratio improved to 0.53%, indicating stronger asset quality.
(ii) The bank’s Capital Adequacy Ratio (CAR) stood at 13.03%, reinforcing a stable financial position.
(iii) SBI strengthened its digital footprint, with 64% of new Savings Accounts (SA) opened via YONO (You Only Need One).

📚 Test Your Knowledge:

Which bank recently reported an 84.32% surge in net profit, reaching ₹16,891 crore in Q3 FY25?

Correct Answer: SBI

🚀 Quick Recap:

About SBI

Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai