SBI Q3 outcomes: Internet revenue surges 84% to ₹16,891 crore

SBI’s curiosity revenue in Q3 grew to ₹1,17,427 crore in comparison with ₹1,06,734 crore a 12 months in the past. Picture for illustration.
| Photograph Credit score: Reuters

The nation’s largest lender SBI on Thursday (February 6, 2025) reported an 84% soar in standalone web revenue to ₹16,891 crore within the December quarter.

State Financial institution of India (SBI) had earned a standalone web revenue of ₹9,164 crore within the year-ago interval.

The financial institution’s complete revenue rose to ₹1,28,467 crore within the third quarter of the present fiscal in opposition to ₹1,18,193 crore in the identical interval a 12 months in the past, SBI mentioned in a regulatory submitting.

Through the quarter, the financial institution’s curiosity revenue grew to ₹1,17,427 crore in comparison with ₹1,06,734 crore a 12 months in the past.

On the asset high quality entrance, the financial institution witnessed enchancment with gross Non-Performing Property (NPA) moderating to 2.07% at December-end from 2.42% on the finish of the third quarter of the final 12 months.

Equally, web Non-Performing Property (NPAs) additionally eased to 0.53% in opposition to 0.64% on the finish of the identical interval a 12 months in the past.

On a consolidated foundation, SBI Group’s web revenue rose by 70% to ₹18,853 crore over ₹11,064 crore in FY24.

Consolidated complete revenue elevated to ₹1,67,854 crore over ₹1,53,072 crore within the third quarter of the previous fiscal.