New Delhi, The country’s largest lender SBI on Friday reported that its standalone net profit rose 12 percent to Rs 19,160 crore in the first quarter of the current financial year.
The bank had earned a net profit of Rs 17,035 crore in the same quarter of the previous fiscal.
Total income in the June quarter of 2025-26 rose to Rs 1,35,342 crore from Rs 1,22,688 crore a year ago, State Bank of India said in a regulatory filing.
Interest earned by the bank rose to Rs 1,17,996 crore from Rs 1,11,526 crore in the June quarter of FY 2025. Operating profit also rose from Rs 26,449 crore to Rs 30,544 crore.
On the asset quality front, the bank reported that gross non-performing assets (NPAs) declined to 1.83 percent of gross advances at the end of the June quarter from 2.21 per cent in the same quarter a year ago.
Similarly, net NPAs or bad loans declined to 0.47 percent from 0.57 percent.
Provisions and contingencies, however, rose to Rs 4,759 crore during the first quarter from Rs 3,449 crore in the same period a year ago.
The bank’s capital adequacy ratio increased to 14.63 per cent from 13.86 percent in the same quarter of FY25.
On a consolidated basis, SBI Group’s net profit rose to Rs 21,627 crore from Rs 19,681 crore a year ago, registering a growth of 10 percent year-on-year. Total income also increased from Rs 1,52,125 crore to Rs 1,66,992 crore.
