State Bank of India (SBI) reported a 10.2% rise in its profit in the first quarter of the financial year 2026. The bank’s profit increased to ₹21,121 crore, compared with ₹19,160 crore during the same period last year.
SBI Earns More From Interest
SBI’s net interest income (NII) increased by 15% to ₹46,992 crore. This means the bank earned more money from the interest it charges on loans.
The bank’s net interest margin (NIM) was around 3%, slightly lower than last year.
SBI Gave More Loans
SBI’s total loans increased by 18.6% to around ₹50.5 lakh crore.
The bank’s total deposits reached ₹60 lakh crore, up from ₹54.7 lakh crore last year. This is a growth of around 9.7%.
Bad Loans Improved
SBI also saw an improvement in its bad loans.
- Gross NPA: Improved to 1.47%
- Net NPA: Improved to 0.38%
In simple words, the percentage of loans that are not being repaid on time has gone down, which is good news for the bank.
SBI Plans to Increase Foreign Deposits
SBI collected around $6 billion through FCNR(B) deposits. The bank hopes to increase this to around $10 billion by September 2026.
SBI’s Expectations for the Full Financial Year
SBI expects:
- Loan growth: 14–15%
- Deposit growth: 10–11%
- Net Interest Margin: Around 3%
- Return on Assets: Around 1%
In Simple Words
SBI had a strong first quarter, with profit and income both increasing. The bank is giving more loans, deposits are also growing, and bad loans have improved. SBI expects its business to continue growing during the rest of the financial year.
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