SBI Reports 12.5% Rise in Q1 Net Profit to ?19,160 Crore

Mumbai – India’s largest public sector lender, State Bank of India (SBI), on Friday reported a 12.5% year-on-year increase in net profit to ?19,160 crore for the April-June quarter (Q1 FY26), up from ?17,035 crore in the same quarter last year.

Strong Operating Performance

SBI’s operating profit rose 15.49% YoY to ?30,544 crore in Q1. However, its Net Interest Income (NII) – the difference between interest earned on loans and interest paid on deposits – remained flat at ?41,072.4 crore, compared to ?41,126 crore a year ago.

Improved Asset Quality

The bank's asset quality showed marked improvement:

• Gross Non-Performing Assets (NPA) declined by 38 basis points to 1.83%.

• Net NPA dropped by 10 basis points to 0.47%.

• The slippage ratio, a key metric indicating how many standard loans turned bad, improved to 0.75%, down by 9 basis points from the previous year.

Robust Loan Growth

• SME advances surged 19.10% YoY

• Agricultural loans grew by 12.67%

• Retail personal loans rose 12.56%

• Corporate advances increased by 5.7%

Deposits and CASA Ratio

• Current and Savings Account (CASA) deposits increased by 8% YoY, helping reduce funding costs.

• CASA ratio stood at 39.36% as of June 30, 2025.

Advances and Deposits Overview

• Wholesale banking advances rose 11.6%

• Domestic advances increased by 11%

• Domestic deposits grew 11.96%

• Advances from foreign offices saw a 14.81% YoY growth

• Total advances now stand at ?42.5 lakh crore

SBI’s shares were trading at around ?795.35 apiece on Friday afternoon.

With inputs from IANS

Advertisement