New Delhi, Feb 6 (UNI) India’s largest state owned lender State Bank of India (SBI) on Thursday reported 84.3 percent jump in net profit year-on-year at Rs 16,891.44 crore in the third quarter (October-December) of 2024-25, versus Rs 9,164 crore in the corresponding quarter of last financial year.
Net Interest Income (NII) for Q3FY25 increased by 4.09 percent year-on-year. It stood at Rs 41,446 crore in the Q3 as against Rs 39,816 crore in the same quarter of last financial year, the Bank said in a regulatory filing with the stock exchanges.
Its gross NPA has improved to 2.07 percent of the total advances, lower against 2.13 percent a quarter ago. However, SBI’s net NPA remained flat at 0.53 percent QoQ.
