SBI's Q1 FY26 saw higher operating profit and improved cost efficiency despite weaker NII, lower margins, and higher provisions.

• Net interest income fell 0.13% YoY, while non-interest income surged 55.4% YoY to Rs 17,346 crore.
• Asset quality is stable with GNPA at 1.83% and net NPA steady at 0.47% in June 2025.
• Cost-to-income ratio improved to 47.71%, reflecting better efficiency despite rising provisions and slippages.