<p>New Delhi: The country's largest lender <a href="https://www.deccanherald.com/tags/state-bank-of-india">SBI</a> on Thursday reported an 84 per cent jump in standalone net profit to Rs 16,891 crore in the December quarter.</p><p>State Bank of India (SBI) had earned a standalone net profit of Rs 9,164 crore in the year-ago period.</p><p>The bank's total income rose to Rs 1,28,467 crore in the third quarter of the current fiscal against Rs 1,18,193 crore in the same period a year ago, SBI said in a regulatory filing.</p><p>During the quarter, the bank's interest income grew to Rs 1,17,427 crore compared to Rs 1,06,734 crore a year ago.</p>.SBI Chairman pitches for dedicated institutions to track end-use of funds raised by small businesses.<p>On the asset quality front, the bank witnessed improvement with gross Non-Performing Assets (NPA) moderating to 2.07 per cent at December-end from 2.42 per cent at the end of the third quarter of the last year.</p><p>Similarly, net Non-Performing Assets (NPAs) also eased to 0.53 per cent against 0.64 per cent at the end of the same period a year ago.</p><p>On a consolidated basis, SBI Group's net profit rose by 70 per cent to Rs 18,853 crore over Rs 11,064 crore in FY24.</p><p>Consolidated total income increased to Rs 1,67,854 crore over Rs 1,53,072 crore in the third quarter of the preceding fiscal.</p>
<p>New Delhi: The country's largest lender <a href="https://www.deccanherald.com/tags/state-bank-of-india">SBI</a> on Thursday reported an 84 per cent jump in standalone net profit to Rs 16,891 crore in the December quarter.</p><p>State Bank of India (SBI) had earned a standalone net profit of Rs 9,164 crore in the year-ago period.</p><p>The bank's total income rose to Rs 1,28,467 crore in the third quarter of the current fiscal against Rs 1,18,193 crore in the same period a year ago, SBI said in a regulatory filing.</p><p>During the quarter, the bank's interest income grew to Rs 1,17,427 crore compared to Rs 1,06,734 crore a year ago.</p>.SBI Chairman pitches for dedicated institutions to track end-use of funds raised by small businesses.<p>On the asset quality front, the bank witnessed improvement with gross Non-Performing Assets (NPA) moderating to 2.07 per cent at December-end from 2.42 per cent at the end of the third quarter of the last year.</p><p>Similarly, net Non-Performing Assets (NPAs) also eased to 0.53 per cent against 0.64 per cent at the end of the same period a year ago.</p><p>On a consolidated basis, SBI Group's net profit rose by 70 per cent to Rs 18,853 crore over Rs 11,064 crore in FY24.</p><p>Consolidated total income increased to Rs 1,67,854 crore over Rs 1,53,072 crore in the third quarter of the preceding fiscal.</p>