Business: Public sector banks, led by SBI, have earned a record profit of Rs 49,546 crore in the September quarter of the current financial year 2025-26. This is 9 percent more on annual basis. However, a decline in profits of two banks was also recorded during this period. 12 banks had made a profit of Rs 45,547 crore in the same quarter of September 2024. In this way, this time it is more than Rs 3,909 crore.

The financial results show that SBI alone accounted for 40 per cent of the total profit of 12 banks at Rs 20,160 crore. Its profit has increased by 10 percent on an annual basis. In percentage terms, Indian Overseas Bank’s profit increased the most by 58 percent to Rs 1,226 crore. Central Bank of India stood second with a gain of 33 percent. It made a profit of Rs 1,213 crore. There has also been a sharp increase in the business of banks. While the business of SBI reached Rs 100 lakh crore, that of Punjab National Bank reached Rs 27.86 lakh crore. Canara is in third place with Rs 26.79 lakh crore. The business of Union Bank has crossed Rs 22 lakh crore.

Small increase in profit of big banks
The pace of profit growth of big banks remained slow during the September quarter. For example, Canara Bank, Punjab National Bank and Indian Bank saw profit growth of 19 per cent, 14 per cent and 12 per cent respectively. At the same time, the profit of Bank of Maharashtra and Punjab and Sindh Bank increased by 23 percent. However, Bank of India’s profit increased by 8 per cent and UCO Bank’s profit increased by only 3 per cent.

Decline in profits of two banks
During the September quarter of the current financial year, profits of all 12 public sector banks, except Bank of Baroda and Union Bank of India, registered a rise. During this period, the net profit of Bank of Baroda declined by 8 percent to Rs 4,809 crore. Union Bank of India’s net profit declined by 10 percent to Rs 4,249 crore.

Profit crosses Rs 90,000 crore in first half
All 12 public sector banks had earned a profit of Rs 44,218 crore in the first quarter of the current financial year 2025-26, an increase of 11 percent on an annual basis. In the same quarter a year ago, these banks had made a profit of Rs 39,974 crore. The total profit of these banks crossed Rs 90,000 crore for the first time in the first half ending September 2025. According to the financial results, these banks have earned Rs 93,674 crore in April-September, 2025 compared to Rs 85,520 crore in April-September, 2024. This is about 10 percent more on annual basis.