New Delhi, August 8(HS):

The State Bank of India (SBI), the country’s largest public sector lender, has reported a robust 12% year-on-year increase in standalone net profit for the first quarter of FY 2025–26. For the April–June quarter ending June 30, the bank’s profit rose to ₹19,160 crore, up from ₹17,035 crore in the same period last year.

According to a regulatory filing on Friday, SBI’s total income also grew to ₹1,35,342 crore compared to ₹1,22,688 crore in Q1 of the previous financial year. The bank’s interest income increased to ₹1,17,996 crore from ₹1,11,526 crore, while its operating profit climbed from ₹26,449 crore to ₹30,544 crore.

Improvement in Asset Quality:

– Gross NPA (Non-Performing Assets) fell to 1.83% from 2.21%

– Net NPA declined to 0.47% from 0.57% year-on-year

The bank attributed the strong performance to increased income, higher interest earnings, and reduced bad loans. Analysts view these results as a positive signal for SBI’s financial health and for the broader banking sector, indicating stability and improved asset quality.

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Hindusthan Samachar / Jun Sarkar