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SBI Net Beats Street, Up 12.5%
Financial Express Pune
|August 09, 2025
WITH ₹6,326 crore in treasury gains and ₹1,632 crore from forex income, the bank's non-interest income surged 55% year-on-year (y-o-y), boosting its profitability.
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The total non-interest income for the first quarter stood at ₹17,346 crore, against ₹11,162 crore in the year-ago period.
The net interest income (NII), a key revenue metric, remained flat in the first quarter of FY26 at ₹41,072 crore, compared with ₹41,125 crore in the same period last year. NII declined by 4% from the previous quarter. The quarter's domestic net interest margin (NIM) fell to 3.02%, down 33 basis points from 3.35% in Q1FY25 and down 13 basis points from 3.15% in Q4FY25.
"The NIM trajectory will be U-shaped. We have seen moderation in Q1 and expect some pressure in Q2 as deposit costs have peaked. But with benefits from the cash reserve ratio (CRR) cut and deposit repricing, margins should recover by Q4. We remain committed to our annual guidance of above 3%," said Setty.
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FLERE HISTORIER FRA Financial Express Pune
Financial Express Pune
How winter pushes every car to its limits
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Financial Express Pune
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Financial Express Pune
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Financial Express Pune
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Financial Express Pune
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Financial Express Pune
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Financial Express Pune
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Financial Express Pune
TikTok signs deals with investors to avoid US ban
TIKTOK'S CHINESE OWNER, ByteDance, on Thursday signed binding agreements to hand control of the short video app's US operations to a group of investors, including Oracle, in a big step toward avoiding a US ban and ending years of uncertainty.
1 min
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