SBI का पहली तिमाही में मुनाफा 1% बढ़कर ₹17,035 करोड़: आय 13.55%​​​​​​​ बढ़कर ₹1.22 लाख करोड़ रही, ब्याज आय भी 5.71% बढ़ी

State Bank of India’s (SBI) standalone net profit in the April-June quarter rose 1% year-on-year to ₹17,035.16 crores. It was ₹16,884 crores in the same quarter last year.

At the same time, the net profit of the bank has also fallen by 17.69% on a quarterly basis. In the last quarter (Q4 FY24), the bank’s profit was Rs 20,698 crore. SBI has released the results of Q1FY25 i.e. the first quarter of the financial year 2024-25 on Saturday (3 August).

The total income of the bank increased by 13.55%
In the June quarter, the bank’s total income grew by 13.55% on an annual basis to Rs 1,22,687 crore, which was Rs 1,08,038 crore in the same quarter last year. On the quarterly basis, the bank’s income has decreased by 4.45%.

Net interest income increased by 5.71%
SBI’s net interest income (NII) grew 5.71% year-on-year (YoY) to Rs 41,125 crore in the June quarter from Rs 38,905 crore in the same quarter last year.

The amount not recovered becomes NPA
If the loan or advance given by the bank is not returned on time, the bank declares that amount as NPA or non-performing asset. Generally, in case of non-return for 90 days, the bank puts the loan or advance amount in the list of NPA.

SBI shares gave a return of 43.56% in one year
A day earlier, on Friday, SBI’s stock fell 1.73% and closed at Rs 847.75. With this, the company’s market cap has reached Rs 7.56 lakh crore. In the last six months, the bank’s stock has given 31.85% return to its investors. In one year, the bank’s stock has risen by 43.56%.

SBI is the largest bank in the country
State Bank of India is the largest government bank in the country. The government has a 57.59% stake in SBI. It was established on 1 July 1955. The bank is headquartered in Mumbai. The bank has more than 22,500 branches and more than 50 crore customers. The bank operates in 29 countries of the world. It has 241 branches outside India.