SBI, PNB and Other PSBs Post ₹44,218 Crore Profit in Q1 FY26, Up 11% YoY
India’s public sector banks (PSBs) delivered a record combined net profit of ₹44,218 crore in the first quarter of FY26, an 11% year-on-year increase from ₹39,974 crore in the same quarter last year. The growth was driven largely by the State Bank of India (SBI), which contributed nearly half of the sector’s total earnings.
Some smaller PSBs outperformed in percentage growth terms,
Not all PSBs enjoyed profit growth,
The double-digit profit growth across most PSBs reflects improved asset quality, higher net interest income, and controlled operating costs.
Smaller banks like IOB and Punjab & Sind Bank are showing rapid growth from a low base, while large banks like SBI continue to anchor sector stability.
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