India’s public sector banks logged a record profit of ₹44,218 crore in the first quarter of the current fiscal, marking a growth of 11 per cent year-on-year.
Market leader State Bank of India (SBI) contributed a huge 43 per cent to the total earnings, as per the published numbers on stock exchanges.
SBI logged a net profit of ₹19,160 crore in Q1 FY26, 12 per cent higher than the same period of previous fiscal.
All 12 public sector banks together made a profit of ₹39,974 crore in June quarter of FY25.
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The increase in profit in absolute terms was ₹4,244 crore.
Chennai-based Indian Overseas Bank reported the highest net profit growth of 76 per cent to ₹1,111 crore, followed by Punjab & Sind Bank with 48 per cent rise to ₹269 crore.
During the quarter, all 12 public sector banks (PSBs) except Punjab National Bank (PNB) reported a decline in profit.
PNB reported 48 per cent fall in net profit at ₹1,675 crore as against ₹3,252 crore in the year-ago period.
The Central Bank of India recorded 32.8 per cent growth in June quarter net profit to ₹1,169 crore, Indian Bank posted 23.7 per cent rise to ₹2,973 crore and Bank of Maharashtra logged 23.2 per cent improvement to ₹1,593 crore.
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