SBI Q4 net falls 10% due to provisions; board approves ₹15.9 dividend.

• SBI reported a 10% year-on-year drop in net profit to ₹18,643 crore, compared to ₹20,698 crore a year earlier.

• Net Interest Income (NII) grew 2.63% to ₹42,775 crore, while Net Interest Margin (NIM) stood at 3.15%.

• Loan loss provisions grew 20.35% to ₹3,964 crore.

• The bank’s central board declared a dividend of ₹15.90 per equity share of ₹1 each fully paid up for FY25.

• Advances and deposits increased 12.03% and 9.48% respectively.

• Gross NPAs for the quarter slid to 8.78% to ₹76,880 crore, while net NPAs reduced to 6.58% to ₹19,667 crore.

• FY25 net up 16%, with a 4.43% YoY growth in NII and a 51.49% increase in loan loss provision.

• The bank cut its credit growth for this year to 12% to 13%.