Q1 FY25 Results for SBI: The nation's largest lender by assets, State Bank of India (SBI), reported a 0.9% increase in net profit to Rs 17,035.2 crore for the quarter that ended on June 30, above expert projections. The difference between interest earned and interest paid, or net interest income, grew by 5.7% annually for the company. Continue reading to learn more about the state-run banking giant's most recent earnings report.
Results for SBI Q1 FY25: On Saturday, State Bank of India, the largest lender in the nation by assets, announced a net profit of Rs 17,035.2 crore for the April–June quarter, representing a 0.9 % growth over the same quarter a year earlier, which was significantly better than analysts’ predictions of a decline. Find out the main conclusions from the state-run banking giant’s most recent earnings report by reading on.
1/5 SBI Q1 FY25 RESULTS | 0.9% Increase in Net Profit
SBI Q1 FY25 Result NII Soars 6 per cent PSU Lender
For the quarter that ended on June 30, SBI reported a rise in its standalone net profit year over year to Rs 17,035.2 crore.
2/5 SBI Q1 FY25 RESULTS | 5.7% increase in net interest income (NII)
The difference between interest generated and interest paid, or net interest income, for the June quarter was Rs 41,125.5 crore, which represents a 5.7% increase from the same period the previous year.
3/5 SBI Q1 FY25 RESULTS | Beats Street Estimates on Net Profit
stock 24 news study anticipated that SBI would record a net profit of Rs 16,100 crore and NII of Rs 42,300 crore for the current financial year’s first fiscal quarter.
4/5 SBI Q1 FY25 RESULT | Quality of assets, SBI Q1 FY25 Result NII Soars 6 per cent PSU Lender
With gross non-performing assets (GNPAs) as a proportion of total loans of 2.21 percent for the June quarter compared to 2.24 percent for the preceding three months, SBI’s asset quality stayed relatively consistent.
5/5 SBI Q1 FY25 OUTCOMES | Quality of assets
Its net non-performing assets (NNPAs), also known as net bad loans, were 0.57%, the same as they were in the March quarter.
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