State Bank of India (SBI), the country’s largest public sector bank, posted a 10% fall in its standalone net profit for the March 2025 quarter. The profit stood at ₹18,643 crore, compared to ₹20,698 crore in the same quarter last year. Despite the fall in profit, the bank’s board has announced a dividend of ₹15.90 per share for FY25.
The total income of the bank increased to ₹1,43,876 crore in Q4 FY25, up from ₹1,28,412 crore during the same period last year. Interest income also rose to ₹1,19,666 crore in the March quarter, from ₹1,11,043 crore a year ago.
SBI showed improvement in its asset quality. Its gross NPA ratio dropped to 1.82% from 2.24% at the end of March 2024. Similarly, the net NPA ratio came down to 0.47%, from 0.57% earlier.
On a consolidated basis, which includes its subsidiaries, SBI reported a net profit of ₹19,600 crore for the quarter, 8% lower than ₹21,384 crore a year ago. However, consolidated total income rose to ₹1,79,562 crore from ₹1,64,914 crore.
For the full financial year 2024-25, the bank reported a 16% rise in standalone profit, reaching ₹70,901 crore compared to ₹61,077 crore in the previous year.
The bank’s board has also approved raising equity capital of up to ₹25,000 crore during FY26. This will be done through QIP, FPO, or other methods in one or more rounds.
SBI Chairman CS Setty said that although global tariff-related uncertainties may impact investments, India’s economy is relatively less affected. He added that the bank’s future growth is not dependent on new capital raising, and that the healthy asset quality trend is likely to continue. He also mentioned that tax benefits could help low-income customers consider personal loans again.
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Source: Moneycontrol.
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