New Delhi, 3 May (IANS). State Bank of India (SBI )’s operational profit increased by 17.89 percent to Rs 1.10 lakh crore in FY 2024-25, while the operational benefits in the fourth quarter increased by 8.83 percent to Rs 31,286 crore on an annual basis.
The country’s largest bank announced financial results on Saturday. In the information given to the stock market, he said that in FY 2024-25, the net profit was Rs 70,901 crore, which shows an increase of 16.08 percent.
In the fourth quarter, the tax profit (PAT) increased to Rs 20,698 crore, which was Rs 16,891 crore in the last quarter.
The net interest income (NII) increased by 4.43 percent for FY 2024-25. For the quarter, net interest income increased by 2.7 percent to Rs 42,775 crore.
The bank’s directors have declared a dividend of Rs 15.9 per share.
According to its filing, compared to a year ago, on 31 March 2025, the gross NPA ratio improved at 1.82 percent with a improvement of 0.42 percent and the net NPA ratio was 0.47 percent with a improvement of 0.10 percent.
The bank said, “The entire bank deposit increased by 9.48 percent on an annual basis. The CASA deposit increased by 6.34 percent on an annual basis. The CASA ratio has been recorded at 39.97 percent by 31 March 2025.”
The SME advance has crossed five lakh crore rupees with an increase of 16.86 percent. Agri Advance increased by 14.29 percent and retail personal advanced and corporate advances recorded an annual growth of 11.40 percent and nine percent respectively.
The slipage ratio for FY 2025 improved by 0.07 percent and it was 0.55 percent. The slipage ratio for the fourth quarter improved by 0.01 percent and it was 0.42 percent.
The bank has stated that 64 percent of savings accounts were digitally acquired through vagino, while the share of alternative channels in total transactions increased from 97.8 percent of the financial year 2023-24 to 98.2 percent in FY 2024-25.
The bank’s ROA and ROE for FY 2024-25 were 1.10 percent and 19.87 percent respectively.
-IANS
SKT/Ekde
