Thu Feb 06 09:43:04 UTC 2025: **SBI Announces Record Q3 Profit, Driven by Increased Interest Income**

**New Delhi, February 6, 2025** – State Bank of India (SBI), India’s largest lender, today announced a stellar performance for the December quarter (Q3 FY25), reporting an 84% surge in standalone net profit to ₹16,891 crore compared to ₹9,164 crore in the same period last year. This impressive growth was fueled by a significant increase in interest income, which rose to ₹1,17,427 crore from ₹1,06,734 crore year-on-year.

Total income for the quarter also saw an increase, reaching ₹1,28,467 crore compared to ₹1,18,193 crore in Q3 FY24. The bank further reported improvements in asset quality, with gross Non-Performing Assets (NPAs) decreasing to 2.07% from 2.42% a year ago, and net NPAs falling to 0.53% from 0.64%.

On a consolidated basis, SBI Group’s net profit climbed 70% to ₹18,853 crore, up from ₹11,064 crore in Q3 FY24, while consolidated total income reached ₹1,67,854 crore, exceeding the previous year’s ₹1,53,072 crore. The results showcase SBI’s strong financial position and robust performance in the current fiscal year.

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