Sidbi net profit rises by 19.5 pc to a peak of £ 4.811 CR in FY25

New Delhi, September 29 (PTI) Small Industries Development Bank of India (Sidbi) said on Monday that its net profit rose 19.5 percent to reach a peak of £ 4.811 in the financial year of 2024-25. The Lucknow headquarters bank earned a net profit of £ 4.026 crore in the previous financial year. During the year, Sidbi’s balance sheet crossed £ 5.6 Lakh Crore, the bank said in a statement. The asset base grew 8.7 percent to £ 5,68,238 crore on March 31, 2025, from £ 5,22,521 crore on March 31, 2024. The portfolio of loans and progress rose 8.8 percent to £ 4,96,282 crore of £ 4,56,015 crore in FY24,. The bank earns an income of £ 38.511 crore, by 20.6 percent higher than the previous year. Earnings per share increased to £ 84.62 in FY25. In terms of the quality of the assets, it said that the gross NPA and net NPA ratios stood 0.04 percent on 31 March 2025 and Nil. Sidbi chairman and managing director, Manoj Mittal, said on the financial numbers that the bank is committed to strengthening and expanding the MSME sector by utilizing advanced technology to promote financial inclusion. “We improve credit accessibility through innovative digital initiatives and loan products, such as the Express loan, which uses automatic evaluation systems to facilitate quick and seamless approvals,” he said. Sidbi still supports MSMEs in building resilience, promoting growth and expanding worldwide, he said, adding that the bank is working with the government and other stakeholders to strengthen the MSME ecosystem. In accordance with India’s dedication to addressing climate change, Sidbi promotes green energy and cleaner production methods, creating new MSMEs opportunities. In FY25 and FY26 so far, the bank has expanded its branch network significantly. It plans to increase further outreach to provide greater credit access to MSMEs.