New Delhi: Finance Minister Nirmala Sitharaman | Photocredit: Manvender Vashist Lav
The Ministry of Finance called a meeting of Heads of Public Sector Banks (PSBs) on Wednesday to revise the financial performance of the first quarter.
The meeting is planned for chaired by financial secretary M Nagaraju.
The assessment meeting on 20 August with banks in the public sector to assess the performance of the first quarter of 2025-26, according to sources.
Under the leadership of State Bank of India (SBI), banks registered in the public sector, cumulative, a record profit of £ 44.218 crore in the first quarter of the current tax, with a growth of 11 percent on an annual basis.
All 12 banks in the public sector together made a win of £ 39,974 crore in the quarter of FY25 in June. The increase in profit in absolute terms was £ 4,244 crore.
Market leader SBI only contributed 43 percent to the total profit of £ 44.218 Crore, according to the published figures on stock exchanges.
SBI registered a net profit of £ 19,160 crore in Q1 FY26, 12 percent higher than the same period of the previous tax. In terms of size and profit, the largest lender still manages the public bank market in the nation.
In percentage terms, Indian overseas bank established in Chennai reported the highest net profit growth from 76 percent to £ 1,111 crore, followed by Punjab & Sind Bank with an increase from 48 percent to £ 269 crore.
During the quarter, all 12 banks in the public sector (PSBs) except Punjab National Bank (PNB) reported a decrease in profit.
PNB reported a decrease of 48 percent in net profit to £ 1,675 crore against £ 3,252 crore in the period of a year ago.
Central Bank of India registered 32.8 percent growth in the net profit from June Quarter to £ 1,169 Crore, Indian Bank recorded a 23.7 percent increase of £ 2,973 Crore and Bank of Maharashtra registered 23.2 percent improvement to £ 1,593 crore.
Published on August 17, 2025
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