SBI’s single net profit increased by 12 percent to Rs 19160 crore in first quarter
SBI’s Net Profit Rices: The country’s largest lender of State Bank of India (SBI), the current financial year 2025-26, increased single net profit to 19,160 crore in the first quarter of 2025-26. The bank had a net profit of Rs 17,035 crore in the first (April-June) quarter of 2024-25 last financial year.ALSO READ: SBI reacted 6500 recruitment, how to apply?
Total income increased to 1,35,342 crore: State Bank of India said in information to the stock market that its total income in the April-June quarter increased to Rs 1,35,342 crore, which was Rs 1,22,688 crore 1 year ago. The interest income earned by the bank increased to Rs 1,17,996 crore as compared to Rs 1,11,526 crore in the same quarter of the previous year. The operational benefits also increased from Rs 26,449 crore to Rs 30,544 crore on an annual basis.Also Read: Trump Tarifs: Will Trump’s tariff bomb be exploded on America, SBI reported this estimate in SBI report
NPA reduced to 1.83 percent: Talking about the asset quality, the bank improved with gross non-performing assets (NPAs) at the end of the June quarter to 1.83 percent of gross advances, which was 2.21 percent 1 year ago. Similarly, pure NPA or poor loan also declined from 0.57 percent to 0.47 percent on an annual basis. (Language)
Edited by: Ravindra