(THE NEWSMAN OF lNDIA.COM)
New Delhi, May 3, 2025 — The State Bank of India (SBI), the country’s largest public sector lender, has reported a stellar financial performance for the fiscal year 2024–25 (FY25), posting record-breaking profits and strong growth across all key banking segments.

According to data shared by the Department of Financial Services (DFS), SBI’s operating profit for FY25 surged by 17.89% year-on-year to a historic high of ₹1,10,579 crore, marking a significant milestone for the bank and underscoring the strength of India’s public sector banks (PSBs). The net profit for the year stood at ₹70,901 crore, up 16.08% from the previous year, further demonstrating SBI’s consistent financial resilience.

The fourth quarter (Q4FY25) alone saw a net profit of ₹18,643 crore, driven by strong balance sheet expansion and stable asset quality.

Robust Lending and Deposit Growth

SBI’s total advances crossed the ₹42 lakh crore mark, registering a 12.03% year-on-year growth. Notably, SME (Small and Medium Enterprises) advances grew by a strong 16.86%, exceeding ₹5 lakh crore. The bank also reported solid growth in its retail, agriculture, and corporate loan portfolios, reflecting its comprehensive support for diverse sectors of the economy.

On the liabilities side, SBI’s total deposits grew by 9.48% year-on-year, while maintaining a CASA (Current Account and Savings Account) ratio of 39.97%, indicating a healthy share of low-cost deposits.

Digital Transformation and Asset Quality

With a continued emphasis on digital innovation, SBI is driving tech-led growth across its operations. The bank’s focus on enhancing its digital infrastructure has not only improved customer experience but also contributed to its overall efficiency and cost management.

Importantly, SBI has maintained stable asset quality despite rapid growth in its lending book — a critical indicator of sound risk management practices.

Powering India’s Growth

The bank’s FY25 performance reinforces its pivotal role in powering India’s economic growth and highlights the resilience and evolving capability of public sector banks in an increasingly competitive financial landscape.

SBI’s strong numbers this fiscal underscore not only its financial strength but also its strategic direction, aligning with the government’s vision for a digitally empowered and inclusive financial ecosystem.