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SBI Q1 Results: SBI’s net profit rose 12% to Rs 19,160 crore in the June quarter. Total income grew 10.31% to Rs 1.35 lakh crore.
SBI Q1 FY26 results.
SBI Q1 Results: State Bank of India Ltd (SBI) on Friday reported a 12% year-on-year rise in net profit to Rs 19,160 crore for the June quarter, up from Rs 17,035 crore in the same period last year.
The bank’s total income grew 10.31% to Rs 1.35 lakh crore, compared to Rs 1.22 lakh crore a year ago.
However, net interest income (NII) remained nearly flat at Rs 41,072 crore, dipping 0.13% year-on-year. This was largely due to a decline in margins — SBI’s net interest margin (NIM) for the whole bank dropped by 32 basis points to 2.90%, while domestic NIM fell 33 basis points to 3.02%.
The bank’s operating profit rose 15.49% to Rs 30,544 crore, supported by a sharp 55.40% jump in non-interest income, which stood at Rs 17,346 crore.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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