State Bank of India — Board Meeting, 08-08-2025: Outcome of Board Meeting

State Bank of India's board met, announcing robust Q1 results. Consolidated net profit climbed to ₹21,201.47 Cr, a significant jump from last year. The bank strengthened its capital by successfully raising ₹25,000 Cr via a QIP. Asset quality improved, with Gross NPA at 1.82% and Net NPA at 0.47%. Strategically, SBI divested its stake in Jio Payments Bank for a ₹25.46 Cr profit and revalued properties, boosting reserves by ₹7,288.81 Cr. The bank also restructured its Regional Rural Bank holdings, exiting sponsorship in five and acquiring one.