SBI Q1 Results: State Bank of India (SBI) on Friday, August 8, reported a 12.5 per cent year-on-year (YoY) growth in its Q1FY26 standalone profit to ₹19,160.44 crore. In the same quarter last year, the PSU bank’s profit was ₹17,035.16 crore.
During the quarter, SBI’s interest earnings were ₹1,17,995.88 crore, up 5.80 per cent from the interest earned of ₹1,11,525.98 crore in Q1FY25.
The bank’s operating profit grew by 15.49 per cent YoY to ₹30,544 crore in Q1FY26.
SBI’s net interest income (NII) for Q1FY26 decreased by 0.13 per cent YoY to ₹41,072 crore.
Whole bank and domestic NIM for Q1FY26 stood at 2.90 per cent and 3.02 per cent, respectively. Domestic NIM declined by 33 bps YoY.
Gross advances grew healthy 11.61 per cent YoY to ₹42,54,516 crore. Advances to domestic corporates grew by 5.70 per cent YoY, while those to domestic retail personal rose 12.56 per cent.
(This is a developing story. Please check back for fresh updates.)
