SBI Posts 12% Rise in Net Profit for Q1 FY26, Touches ₹19,160 Crore
SBI Q1 Results: SBI’s net profit increased by 12% to ₹19,160 crore in the June quarter. Total income rose by 10.31% to ₹1.35 lakh crore.
SBI Q1 Results: State Bank of India Ltd (SBI) on Friday announced a 12% year-on-year growth in net profit to ₹19,160 crore for the June quarter, compared to ₹17,035 crore during the corresponding period last year.
The lender’s total income went up by 10.31% to ₹1.35 lakh crore, as against ₹1.22 lakh crore in the same quarter last year.
However, net interest income (NII) was almost unchanged at ₹41,072 crore, showing a marginal decline of 0.13% year-on-year. This was primarily due to a reduction in margins — SBI’s net interest margin (NIM) for the overall bank declined by 32 basis points to 2.90%, while the domestic NIM dropped 33 basis points to 3.02%.
The bank’s operating profit recorded a growth of 15.49%, reaching ₹30,544 crore, aided by a significant 55.40% increase in non-interest income, which stood at ₹17,346 crore.
