Earnings Slip, Dividends Rise: SBI Posts ₹18,643 Crore Q4 Profit, Declares ₹15.90 Payout

The State Bank of India Ltd. (SBI), considered the major lander of the nation, mentioned on 3rd May, a 10% fall of 10% in net profit to Rs 18,643 crore. The bank profited Rs 20,698 crore during the quarter stretching from January to March of 2023-24. A dividend of Rs 15.90 for equity share is offered by the boar d of the bank for the year FY25.

In a regulatory filing, the bank mentioned a jump in income, the amount is Rs 1,43,876 crore during the third quarter that ends in March which was previously Rs 1,28,412 crore in the same quarter of last year.

The lender logged improved asset quality as gross non-performing assets (NPAs) fell to 1.82% of total advances during the fourth quarter from 2.24 % as of March end 2024. Net NPAs was 0.57 per cent which got to 0.47 per cent.

For the whole financial year 2024-25, the bank posted 16 per cent profit growth on a standalone basis at Rs 70,901 crore versus Rs 61,077 crore for the previous year.

Apart from this, the board has okayed raising up to Rs 25,000 crore (inclusive of share premium) of equity capital in one or more tranches in the year 2025-26 through (QIP)/ (FPO) or some other mode.

SBI Chairman CS Setty told that "Although Indian economy is less affected by tariffs, tariff uncertainty will affect the economy and the investment climate."

"Without the need for raising capital, the growth of the bank will not be affected. CS Setty, the SBI Chairman said.

"Taxation advantage would make lower end customers think twice about availing personal loans," CS added.