State Bank of India announced Q2FY25 results Profitability: Net Profit for Q2FY25 stands at Rs 18,331 crore registering a growth of 27.92% YoY. Operating Profit for Q2FY25 grew by 50.87% YoY to Rs 29,294 crore. Bank’s ROA and ROE for the half year stand at 1.13% and 21.78% respectively. ROA at 1.17% for the quarter increased by 16 bps YoY. Net Interest Income (NII) for Q2FY25 increased by 5.37% YoY. Whole Bank and Domestic NIM for the half year stand at 3.18% and 3.31% respectively. Whole Bank NIM for Q2FY25 is at 3.14% and Domestic NIM is at 3.27%. Balance Sheet: Credit growth at 14.93% YoY with Domestic Advances growing by 15.55% YoY. Foreign Offices’ Advances grew by 11.56% YoY. Domestic Advances growth is driven by Corporate Advances (18.35% YoY) followed by Agri Advances which grew by 17.67% YoY. SME and Retail Personal Advances loans registered YoY growth of 17.36% and 12.32% respectively. 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. Asset Quality: Gross NPA ratio at 2.13% improved by 42 bps YoY. Net NPA ratio at 0.53% improved by 11 bps YoY. PCR (incl. AUCA) improved by 28 bps YoY and stands at 92.21%. Provision Coverage Ratio (PCR) at 75.66% improved by 21 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%. Credit Cost for Q2FY25 stands at 0.38% Capital Adequacy: Capital Adequacy Ratio (CAR) as at the end of Q2FY25 stands at 13.76%. Alternate Channels: 61% of SB accounts acquired digitally through YONO. Share of Alternate Channels in total transactions increased from ~97.7% in H1FY24 to ~98.2% in H1FY25. Result PDF