State Bank of India (SBI) Q3 net profit up 84.32%
Due mostly to a decrease in loan loss provisions, State Bank of India (SBI), the biggest lender in the nation, recorded a net profit of Rs 16,891 crore in the third quarter of the fiscal year 2025 (Q3FY25), up 84.32 percent from Rs 9,164 crore in the same period the year before (Q3FY24).
The public sector lender's profit decreased 7.86 percent sequentially from Rs 18,331 crore in the September quarter (Q2FY25).
The Net Interest Income (NII) of the Mumbai-based bank increased 4.09 percent year over year (Y-o-Y) to Rs 41,446 crore in Q3FY25 from Rs 39,816 crore in the same quarter the previous year.
In Q2FY25, NII was flat at Rs 41,620 crore. The domestic business's net interest margin (NIM) decreased from 3.34 percent in Q3FY24 to 3.15 percent in Q3FY25. NIM decreased sequentially from 3.27 percent in Q2 of FY25.
In Q3FY25, its loan loss provisions increased from Rs 1,756 crore in Q3FY24 to Rs 2,305 crore. They fell from Rs 3,631 crore in Q2FY25, though.
In Q3FY25, SBI's advances increased 13.49% year over year to Rs 40.67 trillion. The retail advances reached Rs 14.47 trillion, an increase of 11.65%. The total amount of deposits rose 9.81% year over year to Rs 52.29 trillion.
The share of low-cost deposits -- current account and saving account (Casa) -- in domestic books declined to 39.2 per cent at the end of December 2024 from 41.18 per cent a year ago. Sequentially, they fell to 40.03 per cent in September 2024.
The bank’s gross non-performing asset (NPA) ratio was 2.07 per cent at the end of December 2024 improved by 35 basis points Y-o-Y. The net NPA ratio was at 0.53 per cent, improved by 11 basis points Y-o-Y. The provision coverage ratio, including technical write-offs, stood at 91.74 per cent in December as against 91.49 per cent a year ago.
City Union Bank Q3 Net profit rises 13%
Compared to Rs.253 crore during the same period previous year, City Union Bank's net profit for the third quarter of FY25 increased by 13% year over year (YoY) to Rs.286 crore. During the October–December period, the bank's net interest income (NII) increased by 14%, from ₹516 crore YoY to Rs.587.7 crore.
With gross non-performing assets (GNPA) falling to 3.36% from 3.54% in the prior quarter (QoQ), the lender claimed an improvement in asset quality. In a similar vein, net NPA (NNPA) decreased from 1.62% QoQ to 1.42%.
For the second quarter of FY25, the private sector lender posted a net profit of Rs.285.2 crore. In the September quarter, net interest income (NII) increased by 8.2%. GNPA decreased from 3.88% to 3.54% in Q1.
DCB Bank Q3 Net profit grows 20%
For the third quarter ending December 31, 2024, private sector lender DCB Bank Ltd. announced a 19.6% year-over-year (YoY) growth in net profit at Rs.151.4 crore on Friday, January 24. In the same quarter of the previous fiscal year, the Vabk reported a net profit of Rs.126.6 crore.
The difference between a bank's interest income from lending and the interest it pays depositors is known as net interest income (NII), and it increased 14.5% to Rs.543 crore from Rs.474 crore in the same quarter of FY24.
In the December quarter, the gross non-performing asset (GNPA) ratio was 3.11%, compared to 3.29% in the September quarter. In comparison to 1.17% quarter-over-quarter (QoQ), net non-performing assets (NNPA) were 1.18%.
In the December quarter, the gross non-performing asset (GNPA) ratio was 3.11%, compared to 3.29% in the September quarter. In comparison to 1.17% quarter-over-quarter (QoQ), net non-performing assets (NNPA) were 1.18%.
As of December 31, 2024, DCB Bank recorded a strong 23% YoY rise in advances and a 20% YoY growth in deposits. While PCR excluding gold loan non-performing assets (NPAs) was slightly higher at 75.56%, the provision coverage ratio (PCR) was 74.76%.
With a capital adequacy ratio of 16.29% in accordance with Basel III standards, the bank maintained a healthy capital position. This comprised a 13.54% Tier I capital ratio and a 2.75% Tier II capital ratio. For Q3FY25, the cost-to-average-assets ratio was 2.59% and the credit cost was 0.38%, according to key efficiency and cost criteria.
Bandhan Bank Q3 results: Net profit falls 42%
On January 31, Bandhan Bank announced a 42% drop in net profit for the quarter that ended on December 31, 2024, to Rs 426 crore. It reported net profit of Rs 733 crore in the year-ago period. Net interest income (NII) as of Q3FY25 amounted at Rs 2,830 crore as opposed to Rs 2,525 crore as of Q3FY24, reflecting a growth of 12% YoY.
Also Read - Quarterly Financial Results of Public & Private sector banks for Q3FY25
"Bandhan Bank's performance in the third quarter reflects sustainable growth, with a strong focus on risks and compliance," stated MD & CEO Partha Pratim Sengupta in his remarks about the Bank's performance. The dedication of our staff and the confidence of our clients are the foundations of our ongoing success.
Bandhan Bank is well-positioned for the next stage of growth as we transition into Bandhan Bank 2.0, thanks to an increase in our loan book and an emphasis on technology innovation, process improvement, and fortifying our staff and products."
While the net non-performing asset (NPA) was 1.3% in Q3FY25 compared to 2.2% YoY, the gross NPA was 4.7% in Q3FY25 compared to 7% a year earlier. The quarter's Net Interest Margin (NIM) was 6.9%, down from 7.2% in Q3FY24. In Q3FY24, the provisions were Rs 684 crore, but in Q3FY25, they were Rs 1,376 crore.
Operating profit increased 22% year over year to Rs 2,021 crore in Q3FY25 from Rs 1,655 crore in Q3FY24.As of December 31, 2024, Gross Advances stood at Rs.1.32 lakh crore as against Rs.1.16 lakh crore in the previous year, a growth of 14% YoY.
IndusInd Bank Q3 results: Net profit declines 39%
The net profit for IndusInd Bank's October–December quarter was predicted to drop 38.6% year over year to Rs 1,411 crore, while the net interest income was predicted to increase by 10% to Rs 5,833 crore.
At Rs 5228 crore, the net interest income (NII) was 1.2% less than the Rs 5,295 crore earned the previous year.
In Q3 of FY25, the lender's gross non-performing assets (GNPA) were Rs 8375 crore, or 2.25 percent, as opposed to Rs 6,279 crore, or 1.92 percent, in the previous year.
Net Non-Performing Assets (NNPA) stood at Rs 2496 crore (0.68 percent) versus Rs 1,864 (0.57 percent) last year.
Punjab National Bank(PNB) Q3 net profit doubles, NII up 7.2%
On Friday, Punjab National Bank said that its standalone net profit for the third quarter, which ended on December 31, 2024, had doubled to Rs 4,508 crore. In the previous year's October–December quarter, the bank made a net profit of Rs 2,223 crore.
According to a regulatory statement by Punjab National Bank (PNB), the bank's overall revenue climbed to Rs 34,752 crore in the third quarter of the current fiscal year from Rs 29,962 crore in the same time last year.
The bank's interest income increased from Rs 27,288 crore during the same time last fiscal year to Rs 31,340 crore during the quarter. In comparison to Rs 10,293 crore in the same quarter, the bank's Net Interest Income (NII) increased 7.17 percent to Rs 11,032 crore.
Regarding asset quality, the bank's gross non-performing assets ratio decreased from 6.24 percent to 4.09 percent in the previous year. Similarly, at the conclusion of the third quarter of the previous fiscal year, net non-performing assets (NPAs), or bad loans, decreased from 0.96 percent to 0.41 percent. Consequently, provisions for bad loans decreased from Rs 2,994 crore in the previous year to Rs 318 crore in the current quarter.
Bank of Baroda(BoB) Q3 Net profit rises 6%, NII up 3%
According to a regulatory statement by Bank of Baroda, the bank's overall revenue climbed from Rs 31,416 crore in the previous fiscal year to Rs 34,676 crore in the third quarter of the current one.
Also Read - Quarterly Financial Results of Public & Private sector banks for Q3FY25
According to Bank of Baroda, interest income increased to Rs 30,908 crore during the quarter from Rs 28,605 crore during the same period in the previous fiscal year. In the same quarter, the bank's Net Interest Income (NII) increased by 2.8% to Rs 11,417 crore from Rs 11,101 crore.
By the end of December 2023, the gross non-performing asset (NPA) had decreased to 2.43 percent from 3.08 percent. In a same vein, the net non-performing asset (NPA) decreased from 0.70 percent at the end of 2023 to 0.59 percent.
However, compared to the same quarter of the previous fiscal year, when provisions and contingencies were Rs 666 crore, they increased to Rs 1,082 crore during the third quarter of FY25.
