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SBI'S Q3 NET PROFIT JUMPS 84%
The Daily Guardian
|February 07, 2025
Total income rose to Rs 1,28,467 crore in the third quarter of the current fiscal
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The State Bank of India (SBI) has reported a significant 84.32 per cent year-onyear (YoY) growth in net profit, reaching Rs 16,891 crore in Q3FY25. This strong performance was driven by higher operating profit and improved asset quality.
According to SBI, the operating profit for the quarter stood at Rs23,551 crore, marking a 15.81 per cent YoY increase. Additionally, the Net Interest Income (NII) grew by 4.09 per cent YoY to Rs41,446 crore, while the Return on Assets (ROA) improved to 1.04 per cent, rising 42 basis points (bps) YoY. The bank's Net Interest Margin (NIM) for the domestic business stood at 3.15 per cent in Q3FY25.
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