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New Delhi : SBI, one of the largest banks in the country, has recently released its quarterly report. According to this report, in the third quarter of the current financial year 2024-25, the net profit has increased by 84 percent on a single basis. This net profit increased to Rs 16,891 crore.

State Bank of India i.e. SBI had a net profit of Rs 9,164 crore on a single basis in the third quarter of the last financial year 2023-24 i.e. October to December. SBI said in the information given to the stock market, the bank's total income increased to Rs 1,28,467 crore in the third quarter of the current financial year, which was Rs 1,18,193 crore in the same period of the previous financial year. After these quarterly results, SBI shares have come down even further. Currently, it closed down 1.67 percent on BSE at a price of Rs 753.30.

SBI Interest Income

In the quarter under review, the bank's interest income increased from Rs 1,06,734 crore to Rs 1,17,427 crore on an annual basis. On the asset quality front, the bank saw improvements and fell to 2.07 percent at the end of gross non-performing assets i.e. December 2024, which was 2.42 percent at the end of December 2023 last December.

Unified total income

Similarly, pure non-performing assets i.e. NPAs also fell from 0.64 percent to 0.53 percent on an annual basis. At the same time, the integrated net profit of SBI Group increased from Rs 11,064 crore to Rs 18,853 crore on an annual basis during this period. Integrated total income increased from Rs 1,53,072 crore to Rs 1,67,854 crore in the third quarter.

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Let us know that State Bank of India i.e. SBI is one of the largest banks in the country. On 14 September 2022, State Bank of India first became the third lender to cross the market capitalization on Indian stock exchanges, ie HDFC Bank and ICICI Bank, and became the seventh Indian company.

(With agency input)