Summary

STATE BANK OF INDIA has reported its Q3FY25 results, highlighting a significant growth in its net profit by 84.32% YoY and an increase in operating profit by 15.81% YoY. The bank's ROA and ROE for the 9MFY25 stand at 1.09% and 21.46% respectively. The bank's Net Interest Income (NII) for Q3FY25 increased by 4.09% YoY. The bank's credit growth stands at 13.49% YoY with Domestic Advances growing by 14.06 YoY. The bank's gross advances cross INR 40 Lakh crores. The bank's gross NPA ratio at 2.07% improved by 35 bps YoY. The bank's Provision Coverage Ratio (PCR) at 74.66% improved by 49 bps YoY. The bank's Slippage Ratio for Q3FY25 improved by 19 bps YoY and stands at 0.39%.

Key Highlights

1. 1

   Net Profit for Q3FY25 stands at INR 16,891 crores, registering a growth of 84.32% YoY.

2. 2

   Operating Profit for Q3FY25 grew by 15.81% YoY to INR 23,551 crores.

3. 3

   Net Interest Income (NII) for Q3FY25 increased by 4.09% YoY.

4. 4

   Gross Advances cross INR 40 Lakh crores.

5. 5

   Slippage Ratio for Q3FY25 improved by 19 bps YoY and stands at 0.39%.