State Bank of India (SBI), the country’s largest lender, reported a 12.48% year-on-year (YoY) rise in net profit to ₹19,160 crore for the quarter ending June 30, 2025, driven by improved operational efficiency and treasury gains. However, the bank’s Net Interest Income (NII) slightly declined by 0.13% YoY to ₹41,072 crore. Domestic Net Interest Margin (NIM) dropped 33 basis points to 3.02% from 3.35% in the previous year. Loan loss provisions rose by 9.21% to ₹4,934 crore during the same period.
Chairman C.S. Setty stated that the Q1 FY26 results reflect the bank’s enduring strength and consistent performance. He added that SBI remains well-capitalized, with an improved Capital Adequacy Ratio (CAR) of 14.63%. The bank raised ₹25,000 crore in equity capital this quarter, expected to support around ₹2.5 trillion in loan growth.
SBI’s advances rose 11.61% YoY to ₹42.5 lakh crore, while deposits grew 11.66%. Gross NPA stood at ₹78,040 crore (1.83%), and Net NPA at ₹19,908 crore (0.47%), both showing YoY improvement. The Provision Coverage Ratio stood at 74.49%, with a Slippage Ratio of 0.75% and Credit Cost at 0.47%.
