The State Bank of India (SBI) has reported a 12% rise in its net profit to ₹19,160 crore for the April–June 2025 quarter (Q1 FY26), beating market expectations of ₹17,095 crore. Last year during the same period, SBI had earned ₹17,035 crore in profit.
The bank said this growth was mainly due to better operational efficiency and controlled expenses.
Key Financial Highlights:
- Interest income: Up 6% year-on-year to ₹1,17,996 crore
- Interest expenses: Up 9% to ₹76,923 crore
- Net Interest Income (NII): Slightly lower at ₹41,072 crore (vs ₹41,125 crore last year)
- Net Interest Margin (NIM): Fell to 2.90% from 3.22% last year
Profit & Loan Growth:
- Operating profit: ₹30,544 crore, up 15% from ₹26,449 crore last year
- Gross advances (total loans): Up 12% to ₹42.54 lakh crore
- Retail personal loans: ₹15.39 lakh crore, up 13%
- Agriculture loans: ₹3.5 lakh crore, up 13%
- SME loans: Up 19%
- Corporate loans: Up 5.7%
Deposits & Asset Quality:
- Total deposits: Up 12% to ₹54.73 lakh crore from ₹49.01 lakh crore last year
- Gross NPA (bad loans): Improved to 1.83% from 2.21%
- Net NPA: Dropped to 0.47% from 0.57%
- Provision Coverage Ratio (PCR): 74.49% (excluding extra provisions of ₹30,345 crore)
Other Key Metrics:
- Slippage ratio (new bad loans): Improved to 0.75% from 0.84%
- Credit cost (cost of covering bad loans): Stable at 0.47%
SBI has posted strong profit growth and healthier loan quality, even though its net interest margin fell. Both loans and deposits showed double-digit growth, especially in retail and SME segments.
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