SBI
There has been a major decline in profits of the Government Bank of India, State Bank of India (SBI). The bank’s net profit declined by 10 percent to Rs 18,643 crore in the January-March quarter of the previous financial year (2024-25). His profit was Rs 20,698 crore in the January-March quarter of FY 2023-24. However, despite this, the bank has announced dividend for its shareholders. The board of directors of the bank has declared a dividend of Rs 15.90 per equity share for FY 2024-25. The dividend’s record date is fixed on 16 May and the payment date is 30 May, 2025.
SBI said in a information to the stock market on Saturday that its total income increased to Rs 1,43,876 crore in the March quarter, which was Rs 1,28,412 crore in the same period a year ago. During the quarter, the bank’s income from interest was Rs 1,19,666 crore, while it was Rs 1,11,043 crore a year ago.
NPA declined a big decline
The bank’s gross non-performing assets (NPA) declined in the fourth quarter to 1.82 percent of the total debt, which was 2.24 percent till March-2024. Similarly, the net NPA declined from 0.57 percent to 0.47 percent in the March quarter. On the integrated basis, SBI declined by eight percent to Rs 19,600 crore in the March quarter, compared to Rs 21,384 crore in the same period a year ago. However, SBI’s total income increased from Rs 1,64,914 crore to Rs 1,79,562 crore in the March quarter. For the entire financial year 2024-25, the bank had a 16 percent increase on a single basis to Rs 70,901 crore, which was Rs 61,077 crore in FY 2023-24.
In addition, the board has approved raising equity capital up to Rs 25,000 crore (including share premium) in one or more installments in one or more installments in one or more installments in one or more installments during 2025-26.
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