Archive · 8 Aug 2026
SBI posts 10% Q1 profit rise on strong loan growth
The State Bank of India is the biggest bank in the country.
In the April-to-June quarter, it made a profit of Rs 21,121 crore.
That is about 10% more than the same time last year.
The bank earned more money from the interest on the loans it gives out.
It also set aside less money to cover loans that people could not pay back.
Because of this, the bank's bad loans fell to their lowest level in more than twenty years.
The bank's total business crossed Rs 110 lakh crore for the very first time.
SBI's leader, Mr. C S Setty, says the bank expects to keep growing its loans by 14 to 15% this year.
When the results came out, the bank's share price went up on the stock exchange.
SBI reported a 10.2% year-on-year rise in net profit to Rs 21,121 crore for the June quarter, beating analyst estimates.
Gross NPAs fell to 1.47% of advances, the lowest level in over two decades, with net NPA at 0.38%.
Net interest income rose 14.88% to Rs 46,992 crore, while non-interest income declined 9.07% to Rs 15,923 crore.
SBI became the first Indian bank to cross Rs 110 lakh crore in total business, with advances above Rs 50 lakh crore and deposits above Rs 60 lakh crore.
Chairman C S Setty guided for credit growth of 14-15% and deposit growth of 10-11% for the current fiscal year.
- Who
- State Bank of India (SBI), led by Chairman C S Setty and Managing Director Ashwini Kumar Tewari.
- What
- SBI posted a 10.2% year-on-year rise in Q1 net profit to Rs 21,121 crore, with record total business of over Rs 110 lakh crore and the lowest bad loan ratios in more than two decades.
- When
- For the June quarter (Q1) of the current fiscal year, announced on a Friday; figures are as of June 30, 2026.
- Where
- India.
- Why
- Profit growth was driven by robust domestic loan growth of 18.15% year-on-year, higher core income and a significant drop in bad loan provisions.
- Net Profit (Q1)
- Rs 21,121 crore, up 10.2% year-on-year
- Net Interest Income
- Rs 46,992 crore, up 14.88% year-on-year
- Gross NPA Ratio
- 1.47% (lowest in over two decades)
- Net NPA Ratio
- 0.38% as on June 30, 2026
- Total Business
- Crossed Rs 110 lakh crore (first Indian bank to do so)
- Loan Book
- Rs 50.47 lakh crore, up 18.63% year-on-year
- Deposits
- Rs 60.06 lakh crore, up 9.73% year-on-year