State Bank of India (SBI), the country’s largest public sector bank, announced its financial results for the first quarter of the financial year 2025–26 (Q1 FY26). The bank reported a net profit of ₹19,160.4 crore, marking a 15% year-on-year (YoY) increase from ₹17,035 crore in the same quarter last year.
Despite the rise in profit, the bank’s core income growth remained muted. Net Interest Income (NII) stood at ₹41,072.4 crore for the quarter, compared to ₹41,126 crore in the year-ago period. This reflects a marginal decline of 0.1% YoY, indicating relatively flat interest earnings.
On the asset quality front, the bank’s Gross Non-Performing Assets (GNPA) ratio was 1.83%, compared with 1.82% in the previous quarter. In absolute terms, GNPA rose to ₹78,039.7 crore from ₹76,880 crore sequentially. Net NPA ratio remained unchanged at 0.47% quarter-on-quarter, with the value rising slightly to ₹19,908 crore from ₹19,667 crore in Q4 FY25.
SBI’s Q1 results highlight steady profit growth, even as NII and asset quality remained broadly stable quarter-over-quarter.
In the meantime, State Bank of India (SBI) stock opened at ₹805 on August 8, slightly below the previous close of ₹805.15. During the day, it touched a low of ₹793 and a high of ₹807.80. The stock is currently trading closer to its 52-week high of ₹875.45, while the 52-week low stands at ₹680.
