State Bank of India (SBI) reported a 10% drop in net profit to Rs 18,643 crore for the quarter ending March 31, 2025, mainly due to the absence of one-time provision write-backs that had boosted earnings last year. However, the bank’s core performance remained strong, with net interest income rising 2.7% to Rs 42,775 crore and a healthy net interest margin of 3.15%. Asset quality also improved, with gross NPAs falling to 1.82% and net NPAs easing to 0.47%. Provisions rose sharply to Rs 6,442 crore, but the coverage ratio improved to 92.08%. The bank also declared a dividend of Rs 15.9 per share. Chairman CS Setty said the results reflect SBI’s ability to deliver consistent performance at scale.