State Bank of India — Updates, 08-11-2024: Press Release

The bank reported a net profit of ₹18,331 crores for Q2FY25, representing a 27.92% YoY growth, with an operating profit increase of 50.87% to ₹29,294 crores. Credit growth was 14.93%, driven mainly by corporate and agri advances. Asset quality improved, with a gross NPA ratio of 2.13% and a net NPA ratio of 0.53%. The Capital Adequacy Ratio stood at 13.76%. Digital channels accounted for 61% of new account acquisitions.