'State Bank of India has reported 84% growth in net profit at Rs 16891.44 crore for the quarter ended December 2024 (Q3FY2025). The bank has posted 4% growth in net interest income (NII), while the core fee income of the bank improved 16% in Q3FY2025. The Net Interest Margin (NIM) of the bank eased to 3.01% in Q3FY2025 compared to 3.22% in the corresponding quarter of previous year.
On business front, the bank as has posted 11% growth in business with strong 13% surge in loan book. The asset quality of the bank was stable in Q3FY2025. The credit to deposit ratio increased to 77.8% at end December 2024 from 75.3% at end December 2023. However, the CASA ratio of the bank has declined to 37.6% at end December 2024 from 39.5% at end December 2023.
Asset quality stable: The bank has maintained stable asset quality in Q3FY2025.
The fresh slippages of loans stood at Rs 4146 crore in Q3FY2025 compared with 4951 crore in previous quarter and Rs 5046 crore in the corr...
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