SBI Posts Record Profit, Maintains Ambitious 14-16% Credit Growth Target for FY2025

State Bank of India (SBI) has reaffirmed its robust growth trajectory, with Chairman CS Setty confidently maintaining the bank's credit growth target of 14-16% for FY2025. The announcement comes as SBI reported an impressive 84% surge in Q3 net profit to Rs 16,891 crore. The bank's strong performance is backed by a substantial corporate loan pipeline of Rs 4.83 lakh crore, with significant growth in both corporate (14.86%) and retail personal loans (11.65%). The domestic advances showed a healthy jump of 13.49% in the December quarter.

Source: Indian Express