SBI posted a consolidated net profit of ₹77,561 crores (approximately $9.2 billion) in FY 25. According to Bloomberg data, this places SBI among the world’s most profitable companies, alongside global giants such as Alphabet, Apple, NVIDIA and JPMorgan Chase. State Bank of India (SBI), the country’s largest public sector lender, has emerged as the most profitable bank in India for FY25, outpacing leading private sector peers, such as HDFC Bank and ICICI Bank. SBI alone accounted for over 40% of the total net profit generated by all listed public sector banks during the fiscal year.
In FY 25, SBI reported a standalone net profit of ₹70,901 crores, marking a 16% increase from ₹61,077 crores in FY24. The bank’s operating profit crossed the ₹1 lakh crore milestone, rising 17.89% year-on-year to ₹1,10,579 crores. On a consolidated basis, SBI posted a net profit of ₹77,561 crores (approximately $9.2 billion) in FY25.
HDFC Bank, India’s largest private sector lender, ranked second with a net profit of ₹67,347.36 crores in FY 25, followed by ICICI Bank, which reported a net profit of ₹47,226.99 crores. The collective net profit of all 12 public sector banks (PSBs) reached an all-time high of ₹1.78 lakh crores in FY 25, reflecting a 26% year-on-year (YoY) growth from ₹1.41 lakh crores in FY24. The incremental profit stood at approximately ₹37,100 crores compared to the previous fiscal. SBI was the primary contributor, accounting for over 40% of the cumulative PSU Banks’ earnings in FY 25.
Punjab National Bank recorded the highest net profit growth among PSBs, more than doubling its profit to ₹16,630 crores — a 102% YoY increase. Punjab & Sind Bank followed with a 71% rise in profit to ₹1,016 crores. All 12 PSBs reported profit growth during the year. Central Bank of India saw a 48.4% increase to ₹3,785 crores, while UCO Bank’s profit rose 47.8% to ₹2,445 crores. Bank of India posted a 45.9% growth in net profit to ₹9,219 crores. Pune-based Bank of Maharashtra reported a 36.1% rise in net profit to ₹5,520 crores, while Indian Bank, headquartered in Chennai, posted a 35.4% increase to ₹10,918 crores in FY 25. The public sector banking segment has witnessed a remarkable turnaround, transitioning from cumulative losses of ₹85,390 crores in FY 18 to a record profit in FY 25 — underscoring the improved financial health and operational resilience of state-owned banks.
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