Archive · 23 Sep 2025
FinMin Reviews Q1 Performance of State-Owned Banks
The Finance Ministry met with leaders of government-owned banks to check how they did in the first three months of the year.
Overall, the banks made a lot of money, with a big increase compared to last year.
The biggest bank, SBI, made a large portion of the total profit.
Some banks saw their profits grow a lot, while others did not.
The government wants the banks to lend more money to businesses that help the economy.
The Finance Ministry met with heads of public sector banks to review Q1 financial performance.
The meeting was led by Financial Services Secretary M Nagaraju.
Public sector banks cumulatively reported a record profit of ₹44,218 crore in Q1 FY26.
SBI contributed 43% to the total earnings, with a net profit of ₹19,160 crore.
Indian Overseas Bank reported the highest net profit growth at 76%.
- Who
- Finance Ministry, Heads of Public Sector Banks
- What
- Finance Ministry reviewed the first-quarter financial performance of state-owned banks.
- When
- August 21, 2025 (publication date), Q1 of FY26
- Where
- India
- Why
- To assess financial performance and encourage lending in the productive sector.
- Meeting Participants
- Heads of Public Sector Banks (PSBs)
- Meeting Chair
- Financial Services Secretary M Nagaraju
- Q1 FY26 Profit (Total, PSBs)
- ₹44,218 crore
- YoY Profit Growth (Total, PSBs)
- 11%
- Q1 FY25 Profit (Total, PSBs)
- ₹39,974 crore
- SBI Contribution to Total Q1 FY26 Profit
- 43%
- SBI Net Profit (Q1 FY26)
- ₹19,160 crore
- Highest Net Profit Growth (Q1 FY26)
- Indian Overseas Bank (76%)
Sources
State lenders tighten home loan pricing
FinMin holds meeting with heads of state-owned banks; reviews Q1 financial performance
Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans
PSU bank stocks outshine private peers in August rebound; Indian Bank, BOI, SBI rally up to 8%