SBI Quarter 1 Results: State Bank of India (SBI), the country’s largest lender, released the quarterly results on Friday. In the first quarter results of FY 2025-26, the bank’s net profit increased by 12 percent to Rs 19,160 crore. The bank’s profit during the same period last year was Rs 17,035 crore.
In the information given to the stock market, SBI said that its total income increased to Rs 1,35,342 crore in the April-June quarter, which was Rs 1,22,688 crore in the same period a year ago.
Interest income increase
The earnings from the bank’s interest increased to Rs 1,17,996 crore, compared to Rs 1,11,526 crore in the same quarter last year. That is, it has increased by 5.8 percent year after year. Along with this, during this period, the bank’s expenditure on interest was Rs 70,410 crore a year ago, while it has now increased to Rs 76,923 crore.
Operating profit boom
The operating profit of the country’s largest PSU bank also increased from Rs 26,449 crore to Rs 30,544 crore on an annual basis. Talking about Asset Quality, the bank’s gross non-performing assets (Gross NPA) declined to 1.83 percent at the end of the June quarter, which was 2.21 percent a year ago. Similarly, Pure NPA also declined from 0.57 percent to 0.47 percent on an annual basis.
With this, during the June quarter, SBI’s gross advocacy jumped 11.61 percent to 42.55 lakh crore. SME loan is 19.10 percent, retail personal loan 12.56 percent, corporate loan is 5.70 percent and agricultural loan is 12.67 percent.
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