SBI, IOB, BoM: PSU banks post 9% growth in profit to record cumulative PAT of ₹49,456 crore in Q2; check SBI's contribution

All 12 public sector banks (PSBs) together made a profit of ₹45,547 crore in the September quarter of FY25. Thus, the increase in profit in absolute terms was ₹3,909 crore as compared to the same quarter of the previous financial year.

Market leader SBI alone contributed 40% to the total earnings of ₹49,456 crore, as per the published numbers on stock exchanges.

SBI logged a net profit of ₹20,160 crore in Q2 FY26, 10% higher than the same period of the previous fiscal.

In percentage terms, Chennai-based Indian Overseas Bank reported the highest net profit growth of 58% to ₹1,226 crore, followed by Central Bank of India with a 33% rise to ₹1,213 crore.

During the quarter, all 12 public sector banks (PSBs) except Bank of Baroda and Union Bank of India reported an 8% and 10% decline, respectively, in profit.

Bank of Baroda reported an 8% fall in net profit at ₹4,809 crore as against ₹5,238 crore in the year-ago period. Another Mumbai-based lender, Union Bank of India, witnessed a 10% decline in its bottom line at ₹4,249 crore during the quarter.

During the quarter, Bank of Maharashtra and Punjab & Sind Bank reported a 23% rise in profit, while Canara Bank, Punjab National Bank and Indian Bank posted 19%, 14% and 12%, respectively.

Those which recorded single-digit growth in profit are Bank of India at 8% andUCO Bank at 3%.

It is to be noted that the PSBs recorded a slightly higher profit of 11% on an annual basis, to ₹44,218 crore in the first quarter as compared to ₹39,974 crore in the June quarter of FY25.

For the first half ending September 2025, the aggregate profit of PSBs crossed ₹90,000 crore for the first time. Together, the PSBs have earned ₹93,674 crore as compared to ₹85,520 crore in the April-September period of FY25, registering nearly 10% growth.