State Bank of India (SBI), the nation's largest public sector bank, reported a 10% year-on-year decline in standalone net profit for the quarter ended March 31, 2025. The profit stood at Rs 18,643 crore, down from Rs 20,698 crore in the same period last year. This decline is primarily attributed to increased provisions and a marginal rise in net interest income (NII), which grew by 2.7% to ?42,775 crore.
Dividend Announcement
Despite the profit dip, SBI announced a substantial dividend of Rs 15.90 per share (1,590%), marking its highest payout in over a decade. The record date for this dividend is May 16, 2025, with the payment scheduled for May 30, 2025.
Asset Quality and Provisions
The bank's asset quality showed improvement, with Gross Non-Performing Assets (GNPA) ratio decreasing to 1.82% from 2.24% a year ago, and Net NPA standing at 0.47%, down from 0.57%. However, provisions for bad loans witnessed a significant increase, rising by 300% year-on-year to Rs 6,442 crore.
Operational Highlights
Total Income: Increased by 12% year-on-year to Rs 1,43,876 crore.
Profit Before Tax: Declined by 8.45% to Rs 24,844 crore.
Fundraising Plans: SBI plans to raise Rs 25,000 crore in FY26 through various modes, including Qualified Institutional Placement (QIP) and Follow-on Public Offer (FPO).
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