The logo of State Bank of India (SBI) is seen on the facade of its headquarters in Mumbai.
| Photo Credit: Reuters
The country’s biggest lender SBI on Friday (August 8, 2025) posted a 12% increase in standalone net profit at ₹19,160 crore for the first quarter of the current financial year.
The bank had earned a net profit of ₹17,035 crore in the same quarter of previous fiscal year.
Total income rose to ₹1,35,342 crore during June quarter 2025-26, from ₹1,22,688 crore a year ago, State Bank of India said in a regulatory filing.
Interest earned by the bank improved to ₹1,17,996 crore, as compared to ₹1,11,526 crore in June quarter FY25. Operating profit too increased to ₹30,544 crore from ₹26,449 crore.
On the asset quality front, the bank witnessed an improvement with gross non-performing assets (NPAs) declining to 1.83% of gross advances at the end of June quarter, from 2.21% a year ago.
Similarly, net NPAs, or bad loans, fell to 0.47% from 0.57%. However, provisions and contingencies rose to ₹4,759 crore during the first quarter as compared to ₹3,449 crore in the same period a year ago.
Capital adequacy ratio of the bank improved to 14.63%, from 13.86% in the same quarter of FY25.
On a consolidated basis, net profit of SBI Group rose to ₹21,627 crore from ₹19,681 crore a year ago, registering an increase of 10% year-on-year. Total income also improved to ₹1,66,992 crore from ₹1,52,125 crore.
Published – August 08, 2025 02:42 pm IST
Source: https://www.thehindu.com/business/Industry/sbi-q1-profit-rises-12-to-19160-cr/article69909106.ece
