SBI shines with a 23.98% YoY net profit surge, hitting ₹20,698 crores, surpassing market predictions.
SBI's asset quality improved, with Gross NPA ratio at 2.24%, down by 54 bps YoY. Credit growth stood at 15.24% YoY.
Operating profit surged by 16.76% YoY to ₹28,748 crore. NIM declined by 15 bps YoY for FY24.
BI declares a substantial dividend of ₹13.70 per equity share @ 1370% for FY24.
SBI, serving 48 crore customers, boasts 22,405 branches and 65,627 ATMs. YONO app revolutionises digital banking.