SBI Q3 Results: Net Interest Income Up 4% to ₹41,446 Cr

State Bank of India (SBI) reported an 84% rise in net profit for Q3 FY25, surpassing market expectations. The bank’s net interest income (NII) increased by 4%, while employee expenses declined significantly. SBI demonstrated strong loan growth, improved asset quality, and higher deposit mobilization. Despite a dip in CASA ratio, the overall financial health remains robust.

Key Highlights of SBI Q3 FY25 Performance

Financial Performance

• Net profit surged 84% YoY to ₹16,891 crore (Q3FY24: ₹9,164 crore).
• Net Interest Income (NII) grew 4% YoY to ₹41,446 crore (Q3FY24: ₹39,816 crore).
• Employee expenses fell 17% YoY to ₹16,074 crore.
• Operating profit declined 20% QoQ.
• Provisions stood at ₹911 crore, higher than last year but lower than the previous quarter.

Net Interest Margins (NIMs)

• Whole Bank NIM for 9MFY25: 3.12% (Q3FY25: 3.01%).
• Domestic NIM for 9MFY25: 3.25% (Q3FY25: 3.15%).

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Asset Quality Improvement

• Gross NPA ratio improved to 2.07% (Q2FY25: 2.13%).
• Net NPA ratio remained steady at 0.53%.
• Provision Coverage Ratio (PCR) improved by 49 bps YoY to 74.66%.
• Slippage Ratio improved to 0.39% in Q3FY25 (9MFY25: 0.59%).

Loan Growth & Advances

• Total gross advances increased 13.49% YoY to ₹40.68 lakh crore.
• Domestic corporate advances rose to ₹11.76 lakh crore.
• Retail personal advances grew 11.65% YoY to ₹14.47 lakh crore.

Deposit Growth

• Total deposits increased 9.81% YoY to ₹52.3 lakh crore.
• Domestic CASA grew 4.46% YoY to ₹19.65 lakh crore.
• Domestic term deposits grew 13.47% YoY to ₹30.49 lakh crore.
• CASA ratio declined to 39.20% in Q3FY25 (Q3FY24: 41.18%).