Public Sector Banks Soar: 18% Profit Growth to Record Rs 52,603 Cr in Q3

• Public sector banks (PSBs) achieved a record cumulative profit of Rs 52,603 crore in Q3, marking an 18% year-on-year growth.
• State Bank of India (SBI) led the growth, contributing 40% to the total earnings with a net profit of Rs 21,028 crore.
• Indian Overseas Bank reported the highest percentage growth at 56%, followed by Central Bank of India with a 32% rise.
• For the nine months ended December 2025, PSBs' aggregate profit surpassed Rs 1,45,000 crore for the first time.
• Financial Services Secretary M Nagaraju projects combined PSB profit to exceed Rs 2 lakh crore this fiscal year, highlighting the banking sector's strength.