State Bank of India Announces Strong Q1 FY2025–26 Results

State Bank of India (SBI), the largest commercial bank in India in terms of assets, deposits, branches, customers, and employees released its First Quarter Financial Year 2025-26 (Q1 FY2025–26) results. It has declared a strong and improved performance. The details as follows:

Key Highlights (Standalone)
Net Profit: ₹19,160 Cr, up 12.5% YoY from ₹17,035 Cr in Q1 FY25.

Total Income: ₹1,35,342 Cr, up 10.3% YoY.

Net Interest Income (NII): ₹85,438 Cr, up 7.9% YoY

Other Income: ₹17,346 Cr, up 55.3% YoY, driven by strong fee income and treasury gains.

Earnings Per Share (EPS): ₹21.47 vs ₹19.09 last year.

Gross NPA Ratio: 1.83% (improved from 2.21% YoY).

Net NPA Ratio: 0.47% (improved from 0.57% YoY).

Capital Adequacy Ratio (Basel III): 14.63%; CET1 at 11.10%.

Business Performance
Deposits: ₹54.73 lakh crore, up 11.7% YoY.

Advances: ₹41.96 lakh crore, up 11.9% YoY, led by retail and SME growth.

Segment Profit Leaders: Retail Banking contributed ₹15,477 Cr; Corporate/Wholesale Banking delivered ₹8,083 Cr profit.

Strategic Developments
Raised ₹25,000 Cr via Qualified Institutional Placement in July 2025, enhancing capital strength.

Sold entire 14.96% stake in Jio Payments Bank to Jio Financial Services, booking ₹25.46 Cr profit.

Added ₹7,288.81 Cr to Revaluation Reserves through property revaluation.

Restructured Regional Rural Bank (RRB) portfolio — ceased sponsorship of 5 RRBs and became sponsor of Rajasthan Gramin Bank.

Management Commentary
Mr. Dinesh Kumar Khara, Chairman, SBI, said “Our Q1 performance reflects sustained growth momentum across all business segments, supported by prudent risk management and strategic capital strengthening. With asset quality at one of the best levels in recent years, SBI is well-positioned to capture emerging opportunities in the economy while continuing to serve the nation’s banking needs.”

Outlook
SBI aims to leverage its strong capital base, extensive branch network, and digital capabilities to drive growth in the retail, SME, and corporate segments. The bank remains focused on maintaining asset quality, expanding its customer base, and enhancing shareholder value.