SBI Q1 net profit up 12 pc to ₹19,160 cr

Largest Public Sector Lender, State Bank of India (SBI) reported a 12 per cent year-on-year (YoY) rise in its standalone net profit for the Q1FY26 at Rs 19,160 cr, compared to Rs 17,035 cr in the same period last year.

- STATESMAN NEWS SERVICE

Notably, the profit exceeded Street estimates, which had pegged it at Rs 17,095 cr.

Total income for the quarter rose 10.31 per cent to Rs 1.35 lakh cr from Rs 1.22 lakh crore a year ago. As per the bank's result, net interest income stood almost flat at Rs 41,072 cr, down 0.13 per cent year-on-year. Net Interest Margin (NIM) declined 32 basis points to 2.90 per cent, while the domestic NIM fell 33 bps to 3.02 per cent.