The country’s largest lender State Bank of India (SBI) released its quarterly results on Friday. In the results of the first quarter of the financial year 2025-26, the net profit of the bank increased by 12 percent to Rs 19,160 crore. During the same period last year, the bank’s profit was Rs 17,035 crore.
In the information given to the stock market, SBI said that its total income increased to Rs 1,35,342 crore in the April-June quarter, from Rs 1,22,688 crore in the same period a year ago.
Increase in interest income
The bank’s interest income increased to Rs 1,17,996 crore, while in the same quarter last year it was Rs 1,11,526 crore. That is, it has increased by 5.8 percent year-on-year. Along with this, the bank’s interest expenditure during this period was Rs 70,410 crore a year ago, while now it has increased to Rs 76,923 crore.
Rise in operating profit
The operating profit of the country’s largest PSU bank also increased from Rs 26,449 crore to Rs 30,544 crore on an annual basis. Talking about asset quality, the bank’s gross non-performing assets (Gross NPA) decreased to 1.83 percent at the end of the June quarter, which was 2.21 percent a year ago. Similarly, net NPA also decreased from 0.57 percent to 0.47 percent on an annual basis.
Along with this, SBI’s gross advances jumped 11.61 percent to 42.55 lakh crore during the June quarter. In this, SME loan is 19.10 percent, retail personal loan is 12.56 percent, corporate loan is 5.70 percent and agriculture loan is 12.67 percent.