'State bank of India conducted a conference call on 06 February 2025 to discuss its financial
results for the quarter ended December 2024. CS Setty, Chairman of the bank
addressed the call:
Highlights:
The results for Q3FY2025 highlight continuity, consistency and SBIs significant long-term strengths.
The bank has prioritized liability franchise, refined its processes, continues to improve underwriting standards and aims to deliver value to all stakeholders, while positioning
itself as a reliable financial services brand.
The banking system credit grew 11.5% and deposits by 10.8%, as per the latest data.
The bank has recorded 13.5% growth in credit with the domestic credit growth at 14.1% and CD ratio at 68.94% end December 2024.
The total deposits grew 9.81% yoy to Rs 52.29 lakh crore end December 2024.
The total assets were at Rs 66.21 lakh crore, total advances at 40.68 lakh crore and tota...
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