'State bank of India conducted a conference call on 03 August 2024 to discuss its financial results
for the quarter ended June 2024. Dinesh Kumar Khara, Chairman of the bank
addressed the call:
Highlights:
The bank has continued to
maintain RoA above 1% and RoE at 20.98% in Q1FY2025. The bank has reduced cost
to Income ratio below 50% to 49.42% in Q1FY2025. The bank expects to continue
to sustain profitability ahead.
The liquidity coverage ratio
stands at 129% and domestic CD ratio is low at 69.3% end June 2025.
The bank is observing the
growth gaining momentum in the second quarter. The monsoon rainfall is benign
and its expected to help in taming the inflation.
The bank has continued to
maintain the gross NPA ratio at its lowest level in decades. The fresh slippage
ratio was moderate and 0.84% in Q1FY2025.
The provision coverage ratio
is strong at 91.76% end June 2025.
The bank is w...
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