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State Bank of India (SBI) Reports Strong Q3 FY25 Financial Performance

State Bank of India (SBI), India's largest public sector lender, has announced its financial results for the third quarter of the fiscal year 2024-25, show casing significant growth across key financial metrics. Key Financial Highlights:**



  • Net Profit: SBI reported a standalone net profit of ₹16,891 crore for Q3 FY25, marking an 84% year-on-year increase from ₹9,163 crore in the same quarter last year. This performance surpassed analysts' expectations of ₹16,219 crore. (enomictimes.indiatim.com)
  • Net Interest Income (NII): The bank's NII stood at ₹41,446 crore, a 4increase from ₹39,5 crore in Q3 FY24. (onomictimes.indiatimes.com)
  • Net Interest Margin (NIM): NIM contracted b19 basis points year-on-year and 12 basis points quarter-on-quarter to 3.15%. (reuters.com)
  • Asset Qualy: The Gross Nonerforming Assets (NPA) ratio improved to 2.07%, a 35 bis points improvement from the previous year. The Net NPA ratio stood at 53%, improving by 1basis points year-on-ar. (reuters.com)

Loan and Deposit Growth:

  • Domestic Loans: The bank's destic loan book greby 14.06% year-on-year, driven by a 14.86% increase in corpore loans and an 11.65% rise in retail personal loans. (reuters.com)

Deposits:* Domestic deposits incased by 9.76% year-on-year. (reuters.com)

OperationHighlights:

Market Reaction:

Following the announcement, SBI's shares experienced a slight decline, closing 2% lower. (livemint.com)


Disclaimer: The information provided in this blog is for informational purposes only and should not be construed as financial advice. Readers are encouraged to conduct their own research or consult with a financial advisor before making any investment decisions.

 

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