SBI Reports Impressive Q1 Growth

State Bank of India (SBI) has announced a remarkable 12% year-on-year increase in standalone net profit, reaching Rs 19,160 crore for the quarter ended June 2025. This performance not only surpasses Street estimates but also highlights the bank's operational efficiencies and controlled expenses.

Financial Highlights

The bank's interest income saw a 6% increase to Rs 1,17,996 crore, though interest expenses also rose by 9% to Rs 76,923 crore. Despite a slight dip in net interest income (NII) to Rs 41,072 crore from Rs 41,125 crore, the operating profit surged by 15% to Rs 30,544 crore.

Loan and Deposit Growth

Gross advances witnessed a 12% growth, with retail personal loans and agriculture loans each growing by 13%. SME and corporate loans expanded by 19% and 5.7%, respectively. Total deposits increased by 12% to Rs 54.73 lakh crore.

Asset Quality Improvement

SBI's gross non-performing asset (GNPA) ratio improved to 1.83%, and net NPA decreased to 0.47%. The Provisioning Coverage Ratio (PCR) stood at 74.49%, with additional provisions of Rs 30,345 crore made during the quarter.