Thu Feb 06 17:01:35 UTC 2025: ## SBI Reports Stellar Q3 Profit Jump, Despite Sequential Dip

**Mumbai, India** – State Bank of India (SBI), India’s largest commercial lender, announced a significant 84.3% year-on-year surge in its standalone net profit for the December quarter of fiscal year 2025 (Q3 FY25). The bank reported a net profit of ₹16,891 crore, compared to ₹9,164 crore in the same period last year. However, this represents a 7.8% sequential decline from the ₹18,331 crore profit recorded in the previous quarter (Q2 FY25).

The bank’s net interest income (NII) saw a modest 4% year-on-year increase to ₹41,445.51 crore, although it remained flat compared to the September quarter. Operating profit also grew by 15.81% year-on-year to ₹23,551 crore but fell by 20% sequentially.

SBI’s asset quality improved, with the gross non-performing asset (GNPA) ratio decreasing to 2.07% from 2.42% in Q3 FY24 and 2.13% in Q2 FY25. The net NPA ratio also improved to 0.53%.

Credit growth remained robust, with a 13.49% year-on-year increase. Domestic advances grew by 14.06%, exceeding ₹40 lakh crore during the quarter. Strong growth was seen across various segments, including retail personal advances (11.65%), corporate advances (14.86%), SME advances (18.71%), and agri advances (15.31%). Whole bank deposits grew by 9.81% year-on-year, with CASA deposits increasing by 4.46%. The CASA ratio stood at 39.20% as of December 31, 2024.

Despite the strong results, SBI shares were trading 1% lower at ₹757.80 on the BSE at the time of reporting, with a market capitalization of ₹6.7 lakh crore.

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