SBI Q4 PAT slides 10% to ₹18,643 crore on higher provisions, board approves dividend of ₹15.90 per share
The Hindu
SBI reports 10% drop in net profit for Q4 FY25, plans to raise ₹25,000 crore through QIP or FPO.
State Bank of India (SBI) for the fourth quarter ended March 31, 2025 reported 10% drop in net profit at ₹18,643 crore as compared with ₹20,698 crore in the year ago period due to higher provisions.
Answering a question, SBI Chairman C.S. Setty said, “There were some one-ups during the fourth quarter. The NII performed well and there was no major reason”
The bank’s Net Interest Income (NII) for the quarter grew 2.63% to ₹42,775 crore Year on Year (YoY).
During the quarter the Net Interest Margin (NIM) was at 3.15% as against 3.47% YoY, down 32 bps.
Loan Loss provisions during the quarter grew 20.35% to ₹3,964 crore.
Central Board of the Bank, at its meeting held on Saturday declared a dividend of ₹ 15.90 per equity share of ₹ 1 each fully paid up for FY25.
The record date for determining the eligibility of members entitled to receive dividend on equity shares is May 16.
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