State Bank of India. (File image) | Photo Credit: Reuters
State Bank of India (SBI) was reported to be 10% decline in Standalone net profit for ₹ 18,643 crore for the fourth quarter ended March 2025 on Saturday (May 3, 2025).
The country’s largest lender had made a profit of 20,698 crores in the January-March period of 2023-24.
SBI said in a regulatory filing that the total income increased from ₹ 1,28,412 crore to ₹ 1,28,412 crore in the March quarter.
During the quarter, the bank earned an interest income of ₹ 1,19,666 crore against ₹ 1,11,043 crore a year ago.
Also read SBI Q3 Results: Pure profit increases by 84% to ₹ 16,891 crore
The bank saw improvement in the quality of the asset, with gross non-performing assets (NPAs) declined by 1.82% of the total advances in the fourth quarter to 2.24% to March-And 2024. Similarly, the net NPA decreased by 0.47% against 0.57%.
On a consolidated basis, SBI’s net profit in the quarter fell 8 percent to ₹ 21,384 crore to of 19,600 crore in the same period a year ago. However, the total income increased from 1,64,914 crore to ₹ 1,79,562 crore.
For the entire financial year 2024-25, the bank recorded an increase of 16% in the profit based on standalone based on ₹ 70,901 crore as against ₹ 61,077 crore in the previous year.
The bank’s board has declared a dividend of ₹ 15.90 per equity share for FY25. In addition, the board has approved the increase in equity capital of ₹ 25,000 crore (including share premium) in one or more installment through qualified institutional placement (QIP)/ Follow on Public Offer (FPO) or any other mode during 2025-26.
Published – May 03, 2025 04:53 PM IST
