State Bank of India (SBI)’s standalone net profit after tax increased 10.2% to ₹21,121 crore as net interest income increased in the first quarter of fiscal 2026, as against the same period last year. The country’s largest bank had posted a PAT of ₹19,160 crore in the Q1FY26.

The public sector lender increased its net interest income by 15% to ₹46,992 crore in the reporting quarter on a year-on-year basis. The net interest margin dipped a marginal 1 basis point (bps) to 3% in the reporting quarter. A basis point is one-tenth of a percentage point. The bank lent ₹50.5 lakh crore, which is 18.6% more than the gross advances in the first quarter of the previous fiscal year. Deposits came in at ₹60 lakh crore, which is just 9.7% more than the ₹54.7 lakh crore in the corresponding period previous fiscal.

The bank mopped up $6 billion in FCNR(B) deposits and hopes to bring in $10 billion, going at the current pace, by September quarter of fiscal 2027.

The gross non-profitable assets (NPA) as a share in gross advances improved 36 bps to 1.47%, and Net NPA in net advances improved 9 bps to 0.38%.

The bank provided the full-year guidance for key indicators. The bank expects a credit growth of 14-15%. The deposit growth for the current fiscal year is expected to increase by 10-11%. The NIM is expected to come in at 3% and Return on Assets at 1%.