Economy
SBI Reports 10.2% Profit Growth in Q1 FY27
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THE BRIEF
1
State Bank of India reported a 10.23% year-on-year rise in standalone net profit to ₹21,121.22 crore for the June quarter, up from ₹19,160.44 crore in the same period last year.
2
The bank's gross non-performing asset ratio improved to 1.47% from 1.49% in the previous quarter, while total deposits grew 9.73% year-on-year to reach ₹60.06 lakh crore.
3
SBI's total business crossed the ₹110 lakh crore milestone during the quarter, with domestic advances growing 18.15% and the capital-to-risk weighted assets ratio improving to 15.67%.