Context:
State Bank of India (SBI), India’s largest lender, reported a 10% year-on-year decline in net profit for the fourth quarter of FY25, primarily due to higher provisions. However, on a full-year basis, the bank posted a 16% growth in net profit, driven by stable core income and improved asset quality.
Key Financial Highlights – Q4FY25:
- Net Profit: ₹18,643 crore (↓10% YoY from ₹20,698 crore)
- Net Interest Income (NII): ₹42,775 crore (↑2.63% YoY)
- Net Interest Margin (NIM): 3.15% (↓32 bps from 3.47%)
- Loan Loss Provisions: ₹3,964 crore (↑20.35% YoY)
Full-Year FY25 Performance
- Net Profit: ₹70,901 crore (↑16% YoY)
- NII: ₹1,66,965 crore (↑4.43% YoY)
- Loan Loss Provisions: ₹14,418 crore (↑51.49%)
