Thu Feb 06 13:41:48 UTC 2025: **SBI Reports Record Q3 Profit, Asset Quality Improves**

**New Delhi, February 6, 2025** – State Bank of India (SBI), India’s largest lender, announced a significant surge in its net profit for the December quarter (Q3 FY25). The bank reported a standalone net profit of ₹16,891 crore, representing an 84% jump compared to ₹9,164 crore in the same period last year. This strong performance was driven by a rise in total income to ₹1,28,467 crore from ₹1,18,193 crore year-on-year, and an increase in interest income to ₹1,17,427 crore from ₹1,06,734 crore.

The improvement extends to asset quality. Gross Non-Performing Assets (NPAs) decreased to 2.07% at the end of December, down from 2.42% a year prior. Similarly, net NPAs fell to 0.53% from 0.64%.

On a consolidated basis, SBI Group’s net profit climbed by 70% to ₹18,853 crore, up from ₹11,064 crore in Q3 FY24. Consolidated total income also increased to ₹1,67,854 crore compared to ₹1,53,072 crore during the same period last year. The results showcase SBI’s robust financial health and positive growth trajectory.

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