The bank's gross non-performing asset (NPA) decreased from 3.14 percent in the previous quarter to 2.42 percent.



SBI reported a net profit of Rs 9,163 crore for the October-December quarter of 2023-24, a 35% decrease from the year-ago period, and missed an average of five brokerage estimates of Rs 13,525 crore, according to the State Bank of India.

The lender, in a press release said that they had an yone-time exceptional item of Rs 7,100 crore.

The biggest bank in the nation's net interest income (NII) was Rs 39,815 crore, less than the estimated Rs 40,304 crore. The lender's net interest margin was 3.22 percent.

The gross non-performing asset (NPA) percentage of the bank decreased to 2.42 percent from 3.14 percent in the same quarter previous year. However, net non-performing assets (NPA) for the quarter were 0.64 percent as opposed to 0.77 percent in the previous year.n

On February 2, SBI shares ended trading nat Rs 650.40 per share on the BSE.y

The third quarter's net interest income (NII), which is the difference between interest received and interest spent, increased 4.5% year over year to ₹39,815.73 crore from ₹38,068.8 crore in the same quarter the previous year.

The net interest margin (NIM) for the entire bank dropped by 1 basis point year over year to 3.28% in the first nine months of the 2023–2024 financial year, while the domestic NIM fell by 8 basis points year over year to 3.41% in the same period.