1644059441_lpyXvl_SBI.jpg 
The lender's net interest income (NII) saw a YoY increase of 13 per cent at Rs 35,183 crore for the quarter under review compared to Rs 31,184 crore in the same quarter a year ago
Photo Credit :
India's largest lender State Bank of India, on Saturday, released its financial figures for the quarter ended 30 September 2022 and reported its highest-ever quarterly profit after tax (PAT), rising a whopping 74 per cent year-on-year (YoY) at Rs 13,264.62 crore.
Its profit had come in at Rs 7,626.57 in the year-ago quarter.
The lender's total income rose 14 per cent YoY to Rs 88,733.86 crore compared to Rs 77,689.09 crore in the same quarter last fiscal.
The lender's net interest income (NII) also saw a YoY increase of 13 per cent at Rs 35,183 crore for the quarter under review compared to Rs 31,184 crore in the same quarter a year ago.
The lender's domestic net interest margins (NIMs) improved five basis points on a YoY basis and 32 basis points sequentially to 3.55 per cent.
The credit cost improved by 15 bps YoY to 0.28 per cent for the quarter gone by.
The bank's gross non-performing assets (NPAs) eased to 3.52 per cent in the quarter under review from 3.91 per cent in the first quarter of the fiscal.
Net NPAs dropped to 0.8 per cent in September 2022 quarter from 1 per cent in June 2022 quarter and 1.52 per cent in September 2021 quarter.
The bank's pre-provision operating profit (PPOP) in the quarter gone by came in at Rs 21,220 crore compared to Rs 18,079 crore in the year-ago period.
SBI's return on assets (ROA) stood at 1.04 per cent for the September quarter, up by 38 bps YoY, the lender said.
For the half year ended September 2022, its ROA stood at 0.76 per cent.