SBI’s profit declined by 10 percent to 18,643 crore in the March quarter, NPA decreased to 1.82 percent of the total debt

SBI’s Profit Fell 10 Percent: The net profit of the public sector State Bank of India (SBI) declined by 10 percent in the January-March quarter of the previous financial year (2024-25) to Rs 18,643 crore. His profit was Rs 20,698 crore in the January-March quarter of FY 2023-24. SBI said in information to the stock market on Saturday that its total income increased to Rs 1,43,876 crore in the March quarter, which was 1,28,412 crore in the same period 1 year ago.

During the quarter under review Income from bank’s interest was Rs 1,19,666 crore Whereas 1 year ago it was Rs 1,11,043 crore. The bank’s gross non-performing assets (NPAs) declined in the fourth quarter to 1.82 percent of the total debt, which was 2.24 percent till March-2024. Similarly, the pure NPA declined from 0.57 percent to 0.47 percent in the March quarter.Also Read: Estimate in SBI report, India’s GDP growth will be 6.3 percent in the current financial year

On the integrated basis, the net profit of SBI declined by 8 percent to Rs 19,600 crore in the March quarter, compared to Rs 21,384 crore in the same period 1 year ago. However, SBI’s total income increased from Rs 1,64,914 crore to Rs 1,79,562 crore in the March quarter. For the entire financial year 2024-25, the bank had a 16 percent increase on a single basis to Rs 70,901 crore, which was Rs 61,077 crore in FY 2023-24.ALSO READ: SBI’s profit increased by 84 percent to Rs 16,891 crore in third quarter

The board of directors of the bank has declared a dividend of Rs 15.90 per equity shares for FY 2024-25. Apart from this, the board has approved raising equity capital up to Rs 25,000 crore (including share premium) in one or more installments in one or more installments in one or more installments in one or more installments in one or more installments during 2025-26. (Language)

Edited by: Ravindra Gupta