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2w ago

Indian Bank Surges Ahead While SBI and Kotak Mahindra Report Profit Declines in Q4 FY25

Q4 results reveal profit growth for Indian Bank, while SBI and Kotak face challenges from margin pressures, moderated credit growth, and rising provisions.

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SBI bracing for a squeeze on margins from further RBI rate cuts: Chairman CS Setty
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SBI Q4 results: Lender reports 10 percent drop in standalone net profit at ₹18,642.59 crore

Overview

  • State Bank of India (SBI) reported a 10% decline in standalone net profit to ₹18,642.59 crore for Q4 FY25, citing rising provisions and margin pressures linked to anticipated RBI rate cuts.
  • Kotak Mahindra Bank's standalone net profit fell 14% year-on-year to ₹3,551.7 crore, with net interest margin contracting to 4.97% from 5.28% a year earlier.
  • Indian Bank posted a 32% year-on-year jump in net profit to ₹2,956 crore, driven by higher interest income and improved asset quality, with gross NPA dropping to 3.09%.
  • All three banks reported improved asset quality, with SBI achieving a gross NPA ratio of 1.82% and Kotak Mahindra Bank reducing its ratio to 1.42%.
  • SBI and Indian Bank announced plans to raise equity capital, with SBI targeting ₹25,000 crore and Indian Bank planning up to ₹7,000 crore to strengthen their capital buffers.