State Bank of India (SBI) Q1 net profit rises 12.48%

The country’s largest lender State Bank of India (SBI) for the first quarter ended June 30, 2025 reported 12.48% Year on Year (YoY) growth at Rs.19,160 crore due to operational efficiency and treasure gains.

The bank’s Net Interest Income (NII) for the quarter at Rs.41,072 crore decreased by 0.13% YoY. The domestic Net Interest Margin (NIM) for the quarter fell 33 bps and stood at 3.02% as compared with 3.35%. During the quarter the bank’s loan loss provisions increased 9.21% to Rs.4,934 crore.

“The results for Q1 FY206 highlight robustness, continued excellence and significant long term strength,” said C.S. Setty, Chairman, SBI.

“The bank remains well capitalized and our capital adequacy ratio has improved and based on the current profitability and growth trajectory of the bank, we believe we have sufficient headroom to take care requirement of business growth.

“The bank has raised equity capital of Rs.25,000 core during the current quarter, which will support additional loan growth of approximately Rs.2.5 trillion,” he added.

The bank’s advances at Rs.42.5 lakh crore grew 11.61% Y-o-Y with domestic advances growing by 11.06% YoY. While SME advances grew by 19.10% Y-o-Y, Agri advances grew by 12.67% Y-o-Y and Retail personal advances and Corporate advances registered Y-o-Y growth of 12.56% and 5.70% respectively. The bank’s deposits grew by 11.66% Y-o-Y. 

The GNPA reduced 7.34% Y-o-Y to Rs.78,040 crore. NNPA also reduced 7.64% to Rs.19,908 crore.Gross NPA ratio at 1.83% improved by 38 bps Y-o-Y and Net NPA ratio at 0.47% improved by 10 bps Y-o-Y.Provision Coverage Ratio (PCR) stood at 74.49% Slippage Ratio for the quarter improved by 9 bps YoY and stood at 0.75%.Credit Cost for the quarter stood at 0.47%. The Capital Adequacy Ratio (CAR) as at the end of the quarter stood at 14.63%.

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PSU Bank's 144 CASA Target: Are Employees Getting Pressured by Anniversary Campaigns?

 

In honor of Sir Sorabji Pochkhanwala, the founder of the Central Bank of India, the Meerut Regional Office has started a "Birthday Special CASA Campaign" to commemorate his 144th birthday. During August 2025, each branch is required to open 144 new CASA (Current Account & Savings Account) accounts as part of the program. 

 The "Celebrating 144 Years of Legacy with 144 CASA accounts per branch" campaign lays out several steps to meet the goal:

• Pledge by each branch to open 144 new CASA accounts (Cent Vyavasay, Cent Queen, and Regular CASA).
• At least 25 accounts to be opened through TAB in each branch for campaign qualification.
• “Vyavasay Darbaar” events in market areas to engage traders, service providers, and professionals.
• “Cent Queen Connect” women‑centric camps with special CASA helpdesks at beauty parlours, hospitals, boutiques, and ladies’ clubs.
• Recognition and awards for top performers.

Employee union sources in the industry have previously expressed concerns about similar high-volume anniversary or commemorative targets, describing them as a source of undue stress and unrealistic expectations, despite the bank's description of the campaign as a tribute to its founder's legacy and customer relationships. 

Similar target-driven initiatives in other banks have recently generated discussion about the effects of aggressive account-opening drives on people's lives and work-life balance. According to staff representatives, these initiatives frequently put frontline staff under undue strain, particularly in locations where the majority of citizens already have active bank accounts.

Social Media Reactions of Employees After the announcement, a number of bankers vented their annoyance on social media about the target of 144 CASA accounts. Many characterized it as demoralizing and unworkable, pointing out that while higher-level offices concentrate on ceremonial events, branch staff are frequently burdened with such efforts. 

Rather than recognizing employees' accomplishments with appropriate incentives, others criticized management for ignoring staffing shortages, establishing unrealistic expectations, and utilizing commemorative dates to impose additional burden. Some cautioned that this type of ongoing strain can be detrimental to mental health, citing instances in the past where severe stress had disastrous results.

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IBPS Clerk(CSA) Recruitment 2025 Notification Released for 10277 Vacancies

IBPS Clerk CRP-XV Recruitment 2025: The Institute of Banking Personnel Selection (IBPS) has released the official notification for the Common Recruitment Process (CRP) for Clerks – Customer Service Associates (CSA), in participating banks across India.

IBPS Clerk Recruitment 2025 Overview

Organization	Institute of Banking Personnel Selection (IBPS)
Post Name	Customer Service Associate (Clerk)
Exam Name	CRP CSA – XV
Job Location	All India
Monthly Pay	Rs. 29000/-
Job Type	Permanent
Last Date to Apply	IBPS Clerk Recruitment 2025 Notification
Category	21 August 2025
Official Website	www.ibps.in

IBPS Clerk Recruitment 2025 Important Dates

Important Events	Dates
Commencement of online registration of application	01/08/2025
Closure of registration of application	21/08/2025
Closure for editing application details	21/08/2025
Last date for printing your application	05/09/2025
Online Fee Payment	01/08/2025 to 21/08/2025

IBPS Clerk Recruitment 2025 Vacancy Details

Post Name	Vacancies
Clerk	10,277

IBPS Clerk Recruitment 2025 Notification PDF & Apply Online Link

Notification PDF	Click Here
Apply Online	Click Here

 

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Officers Association provides suggestions to MD&CEO on how to make Bank a better bank to work with

In a letter to the MD and CEO of Punjab National Bank, the All India Punjab National Bank Officers' Federation offered crucial suggestions for enhancing the bank's working environment.

Suggestions to improve work environment in Bank

1. Office / Branch timing – Most of the bigger branches are closed after 6 PM, it goes as late as 8 PM. Most of the Admin offices are closed after 7 PM. There should be a directive from HO to ZO and CO to ensure that all branches and admin offices are closed by 6 PM. Only adequately rest employees can deliver good and efficient service the next day and as all of us know banking is a service industry where quality service matters the most.
2. Meetings both virtual and in person are dragged up to late hours in the evening even it goes up to night and this is having adverse effects. All such meetings either virtual or in person should end by 6 PM and there are too many virtual meetings happening every day from HO, ZO and CO, such meetings should be minimized.
3. Any virtual meeting in business hours should be avoided.
4. There should be a complete ban on illegal day end checks by CO on branches.
5. Holiday working should be avoided.
6. All ZO and CO authorities should be directed not to abuse, give threat and humiliate employees working under them, every day we are getting complaints of misbehavior from controlling office officials.
7. Targets given to branches and verticals should be realistic and in line with industry trends and our corporate guidelines. If today banking industry is growing at the rate of 10 pc then our targets should be around that only max plus 2 pc above industry trends.
8. Complete ban on window dressing of business.
9. Controlling offices should trust branch officials and their interference in day-to-day banking should be bare minimum and it should be more of hand holding.
10. There are too many campaigns every day. We should move away from campaign driven banking to self-motivated banking by branch officials.
11. There should be one month gap between every outreach program.
12. MD and CEO should do only quarterly review of business. Monthly review should be EDs domain.
13. No of employees in branches / vertical should be increased and that of Admin offices should be rationalized.
14. We need to recruit more and more clerical staff to manage our counter services better.
15. We need to invest more on capabilities building of our workforce through training (offline mode).
16. Number of products should be rationalized.
17. We have too many portals no should be reduced and rationalized.
18. Our bank other income is on lower side in comparison to peer banks. We need to analyze the reasons and fix this issue on priority basis.
19. Our operating profit is also on lower side we need to do brainstorming to improve our profitability.
20. We need to create a sense of belongingness and ownership among our employees towards our bank.

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After BOB, This PSU Bank orders Staff to work on Sunday

Bank of Baroda has issued a circular directing employees to open branches on Sunday, August 3, 2025. After Bank of Baroda employees protested, another bank ordered them to open branches on August 3, 2025. 

 A directive issued by Union Bank of India directs employees to open branches on Sunday, August 3, 2025. Union Bank stated that the 20th installment under Pradhan Mantri Kisan Samman Nidhi is to be released from July 29 (Thursday) to August 3 (Sunday) in accordance with the communication received from the Ministry of Agriculture & Farmers Welfare, Government of India, via their letter D.O. No 9.3/2025-FWS-Part (4) dated July 29, 2025.

On Saturday, August 2, 2025, the Hon. Prime Minister of India has agreed to release the twentieth installment to the qualified PM KISAN Farmers. 

 The Ministry of Finance's Department of Financial Services has instructed the banks to maintain their branches open from July 29 to August 2, 2025, as well as on Sunday, August 3, 2025, to allow beneficiaries to be paid on the due date. 

 Through the aforementioned letter, the Ministry of Agriculture and Farmers Welfare and the Department of Agriculture & Farmers Welfare have communicated that the RBI's NEFT/RTGS platform will be operational on Sunday, August 3, 2025, to enable fund transfers from Accredited Bank to Sponsor Banks and fund settlements within Banks.

In view of the above directions, the Union Bank has released instructed that all the Branches to be kept open for public on 3rd August 2025 (Sunday).

While keeping the Branches open Regional Offices should ensure that sufficient number of staff is present in the Branches and take prior permission from DIT for SOL opening on that day.

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DA hike for Bankers from August,2025

The AICPI(IW) for the month of June'25 increases by 1%. & stood at 145. Increase of DA by 1.16% of Pay fm August'25. Total DA 21.13%.Pensioners to also get 781 DA Slabs. Decrease by one(1) DA Slab. 

 

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Punjab National Bank(PNB) Q1 PAT falls 48% YoY

State-owned Punjab National Bank on Wednesday reported a standalone net profit of Rs 1,675 crore for the quarter ended June 2025, marking a 48% year-on-year (YoY) decline from Rs 3,251.5 crore in the first quarter of FY25.

Total income for the June quarter rose 15.7% YoY to Rs 37,232 crore, up from Rs 32,166 crore a year earlier.

Net interest income (NII), however, remained largely flat, increasing by just 1% year-on-year to Rs 10,578 crore from Rs 10,476 crore in the year-ago period.

The sharp fall in profit was driven by a one-time tax expense of Rs 5,083.3 crore, compared with Rs 2,017 crore in the corresponding quarter of the previous year.

On a consolidated basis, the lender posted a net profit of Rs 1,832 crore for the first quarter, down 52% from Rs 3,716 crore a year earlier.

Asset quality improved modestly on a sequential basis. Gross non-performing assets stood at 3.78% at the end of June, down from 3.95% in March. Net NPAs eased to 0.38% from 0.4%.

The bank reported sequential and annual improvements in asset quality. Gross non-performing assets (GNPA) fell to Rs 42,673 crore as of June 2025, a decline of Rs 8,590 crore from Rs 51,263 crore a year earlier.

The gross NPA ratio improved to 3.78%, down from 3.95% in March and 5.73% in June 2024. Net non-performing assets (NNPA) also declined to Rs 4,132 crore from Rs 5,930 crore in the year-ago quarter, with the NNPA ratio improving to 0.38% from 0.60%.

Total CASA (current and savings account) deposits stood at Rs 5,68,638 crore, reflecting a year-on-year increase of 3.6%. The CASA ratio stood at 36.99% at the end of the June quarter.

On the advances front, retail credit rose 11.8% year-on-year to Rs 2,62,219 crore. The bank's core retail lending segment posted stronger growth, rising 17.7% from the year-ago period. Agriculture loans grew by 6.2% to Rs 1,78,885 crore, while MSME advances surged 18.6% year-on-year to Rs 1,69,426 crore.

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Bank of Baroda(BoB) Specialist Officers (SO) Recruitment 2025 Notification

Bank of Baroda(BoB) has announced the recruitment of 330 Specialist Officers (SO) on a fixed-term contractual basis in various departments such as Digital Banking, MSME, Risk Management, and Cyber Security.

Bank of Baroda(BoB) SO Recruitment 2025 Overview

Organization	Bank of Baroda(BoB)
Post Name	Specialist Officer (SO)
Vacancies	330
Job Type	Contractual (5 years, extendable)
Last Date to Apply	19 August 2025
Mode of Application	Online
Official Website	www.bankofbaroda.in

Bank of Baroda SO Recruitment 2025 Important Dates

• Online Application Start Date: 30 July 2025
• Last Date to Apply: 19 August 2025 (till 11:59 PM)
• Pay Exam Fee Last Date: 19 August 2025

Bank of Baroda SO Recruitment 2025 Educational Qualifications

Post Name	Qualification
Specialist Officer (SO)	Degree in relevant field with required experience

Bank of Baroda SO Recruitment 2025 Vacancy Details

Post Name	Vacancies
Specialist Officer (SO)	330

Bank of Baroda SO Recruitment 2025 Notification & Apply Online Link

Notification PDF	Click Here
Apply Online	Click Here

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Bank of India(BOI) Q1 result: Net profit soars 32.2% YoY

 

The public sector lender Bank of India (BOI) reported a 32.3 per cent year-on-year rise in net profit to ₹2,252 crore for the April–June quarter (Q1FY26), aided by a surge in treasury income.

Its Net Interest Income (NII) shrank by 3.3 per cent to ₹6,068 crore in Q1FY26, compared to ₹6,275 crore in the same quarter a year ago (Q1FY25). Net interest margin (NIM) declined by 52 basis points YoY to 2.55 per cent in Q1FY26 from 3.07 per cent in Q1FY25.

R. Karnatak, Managing Director and Chief Executive Officer, BOI, said there will be some additional pressure on margins in the second quarter. The repricing of deposits, which began in October 2024, will be completed by October, providing a benefit for margins. He stated that margins have bottomed out but did not give estimates for NIM.

 

The bank’s non-interest income, comprising treasury, fees, commissions, etc., grew by 66.4 per cent YoY to ₹2,166 crore in Q1FY26. Profit from treasury activities, including the sale and revaluation of investments, grew almost four times to ₹820 crore in Q1FY26 from ₹166 crore a year ago.

Provisions for non-performing assets (NPAs) declined to ₹1,104 crore in Q1FY26, down from ₹1,216 crore in Q1FY25.

 

Advances grew 12.02 per cent YoY to ₹6.72 trillion in Q1FY26. Retail, agriculture, and MSME advances grew by 16.27 per cent YoY to ₹3.28 trillion in the June quarter of FY26.

Total deposits increased 9.07 per cent YoY to ₹8.33 trillion. The share of low-cost deposits—current accounts and savings accounts (CASA)—declined to 39.88 per cent at the end of June 2025, down from 42.68 per cent a year ago. The bank has guided for 10-11 per cent growth in deposits in FY26.

 

The bank’s asset quality improved, with gross NPAs declining to 2.92 per cent in June 2025 from 4.62 per cent in June 2024. Net NPAs also declined from 0.99 per cent in June 2024 to 0.75 per cent in June 2025. The provision coverage ratio (PCR), including written-off accounts, improved to 92.94 per cent in June 2025 from 92.11 per cent in June 2024.

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IndusInd Bank Q1 profit drops 72%

Private sector lender Indusind Bank on Monday reported a 72 per cent drop in its consolidated net profit for the June quarter at Rs 604 crore.

Indusind Bank, which is reeling under a slew of issues stemming from alleged irregularities of the management in recognising bad loans and trading reverses, had reported a net profit of Rs 2,171 crore in the year-ago period.

It had reported a loss of Rs 2,329 crore in the preceding March quarter.

Total income dropped to Rs 14,420.80 crore in the April-June quarter of FY26 compared to Rs 14,988.38 crore in the year-ago period.

The lender's core net interest income also declined to Rs 4,640 crore during the reporting quarter against Rs 5,408 crore.

Decline in fee and other income was relatively limited, with the overall number dropping to Rs 2,157 crore from Rs 2,442 crore in the year-ago period.

The gross non-performing assets ratio for the lender increased to 3.64 per cent in June against 3.13 per cent in March, but the provisions declined on-quarter to Rs 1,760 crore from Rs 2,522 crore.

The overall capital adequacy of the lender stood at 16.63 per cent as of June 30, and included a core buffer of 15.48 per cent.

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