State Bank of India — Updates, 06-02-2025: Press Release

Net Profit for Q3FY25 surged to ₹16,891 crores, a remarkable increase of 84.32% YoY, with Operating Profit up 15.81% YoY to ₹23,551 crores. The Bank's Return on Assets (ROA) improved to 1.04%, rising 42 bps YoY, while Return on Equity (ROE) for the first nine months stands at 21.46%. Notably, Net Interest Income (NII) increased by 4.09% YoY, underpinning healthy core profitability.

Credit growth reached an impressive 13.49% YoY, with gross advances exceeding ₹40 lakh crores. Key segments saw robust growth: SME Advances rose by 18.71%, Agri Advances by 15.31%, and Corporate Advances by 14.86%. Asset quality showed improvement, with the Gross NPA ratio at 2.07%, down by 35 bps YoY, and the Net NPA ratio stable at 0.53%. The Capital Adequacy Ratio (CAR) remained solid at 13.03%, indicating a strong capital position. Overall, the results reflect a positive outlook and potential for sustained growth. Investors should monitor the Bank's continued performance amidst this favorable trajectory.