SBI Q2 results, Gross NPA improves by 42 bps, net profit up 28%
Slippage Ratio for Q2FY25 increased by 5 bps YoY and stands at 0.51%. • Capital Adequacy Ratio (CAR) as at the end of Q2FY25 stands at 13.76%.
SBI Q2 results, Gross NPA improves by 42 bps, net profit up 28%
State Largest Public Lender SBI has announced the Second Quarter results of FY25 where Net Profit for Q2FY25 stands at Rs 18,331 crores registering a growth of 27.92% YoY. The Operating Profit for Q2FY25 grew by 50.87% YoY to Rs 29,294 crores. Meanwhile, the Net Interest Income (NII) for Q2FY25 increased by 5.37% YoY and Credit growth is at 14.93% YoY with Domestic Advances growing by 15.55% YoY.
In terms of asset quality, Gross NPA ratio at 2.13% improved by 42 bps YoY. The net NPA ratio is at 0.53% improved by 11 bps YoY. Slippage Ratio for H1FY25 improved by 2 bps YoY and stands at 0.68%.
Slippage Ratio for Q2FY25 increased by 5 bps YoY and stands at 0.51%. • Capital Adequacy Ratio (CAR) as at the end of Q2FY25 stands at 13.76%.
Read Also : IndianOil Wins Big at FICCI Indian Sports Awards 2024 for Championing Sports DevelopmentPCR (incl. AUCA) improved by 28 bps YoY and stands at 92.21%. Provision Coverage Ratio (PCR) at 75.66% improved by 21 bps YoY. Whole Bank Deposits grew at 9.13% YoY, out of which CASA Deposit grew by 4.24% YoY. CASA ratio stands at 40.03% as on 30th September 24.
The shares of the Bank are still trading in red, lower by 1.39%. The market capitalization stood at Rs 7.5 lakh crore. The June quarter EPS was missed by -0.24%, earlier.
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