Net NPA ratio of the lender at 0.57% improved by 14 bps YoY
FinTech BizNews Service
Mumbai, August 3, 2024: The State Bank of India today declared its Q1, 2024-25 results.
Highlights:
Profitability
• Net Profit for Q1FY25 stands at ₹17,035 crores witnessing a growth of 0.89% YoY.
• Operating Profit for Q1FY25 grew by 4.55% YoY to ₹26,449 crores.
• Bank’s ROA and ROE for Q1FY25 stand at 1.10% and 20.98% respectively.
• Net Interest Income (NII) for Q1FY25 increased by 5.71% YoY.
• Whole Bank NIM for Q1FY25 is at 3.22% and Domestic NIM is at 3.35%.
Balance Sheet
• Credit growth is at 15.39% YoY with Domestic Advances growing by 15.55% YoY.
• Foreign Offices’ Advances grew by 14.41% YoY.
• Domestic Advances growth is driven by SME Advances (19.87% YoY) followed by Agri
Advances which grew by 17.06% YoY.
• Retail Personal Advances and Corporate loans registered YoY growth of 13.60% and
15.92% respectively.
• Whole Bank Deposits grew at 8.18% YoY, out of which CASA Deposit grew by 2.59%
YoY. CASA ratio stands at 40.70% as on 30thJune 24.
Asset Quality
• Gross NPA ratio at 2.21% improved by 55 bps YoY.
• Net NPA ratio at 0.57% improved by 14 bps YoY.
• PCR (with AUCA) stands at 91.76% with Provision Coverage Ratio (PCR) being at
74.41%.
• Slippage Ratio for Q1FY25 improved by 10 bps YoY and stands at 0.84%.
• Credit Cost for Q1FY25 stands at 0.48%.
Capital Adequacy
• Capital Adequacy Ratio (CAR) as at the end of Q1FY25 stands at 13.86%.
Alternate Channels
• Share of Alternate Channels in total transactions increased from 97.5% in Q1FY24 to 98.2% in Q1FY25.
