The State Bank of India (SBI), the country’s largest lender, reported a net profit of Rs 17,035 crore for the first quarter of the current financial year, marking around a 1 % increase. 
Net Profit: SBI’s net profit for Q1 FY25 increased by approximately 1% to Rs 17,035 crore compared to the same period last year. However, there was a 17.7% decline sequentially (compared to Q4 FY24).
Fundraising: The bank’s board has approved raising up to Rs 25,000 crore through the issuance of Basel III compliant Additional Tier 1 and Tier 2 bonds to both domestic and international investors during the current financial year.
