SBI’s Q3 FY25:
State Bank of India (SBI) reported an 84% rise in net profit for Q3 FY25, surpassing market expectations. The bank’s net interest income (NII) increased by 4%, while employee expenses declined significantly. SBI demonstrated strong loan growth, improved asset quality, and higher deposit mobilization. Despite a dip in CASA ratio, the overall financial health remains robust.Net profit surged 84% YoY to ₹16,891 crore (Q3FY24: ₹9,164 crore).Net Interest Income (NII) grew 4% YoY to ₹41,446 crore (Q3FY24: ₹39,816 crore).Employee expenses fell 17% YoY to ₹16,074 crore.Operating profit declined 20% .Provisions stood at ₹911 crore, higher than last year but lower than the previous quarter.
