State Bank of India , the country's largest lender by assets, reported an 84% jump in quarterly profit on Thursday, helped by lower staff-related expenses and greater net interest income.

Operating expenses, treasury gains, and fee income all rose. The pre-provisioning profit of India' s scheduled commercial banks (SCBs) grew 12.5% year-on-year (YoY) to reach Rs 0.95 lakhs crore in Q3 FY 2025,

State Bank of India on Thursday said it expects to maintain its net interest margin (NIM) at around 3%, after reporting a drop in domestic margins but beating third-quarter profit estimates. Indian lenders have been scrambling to raise deposits to meet rising demand for credit.