BANK-WISE
SBI
State Bank of India Posts Record All-Time High Quarterly Profit in Q1FY27
State Bank of India (SBI) recorded its highest-ever quarterly net profit, touching ₹21,121 crore in Q1 FY 2026-27.
This figures a 10% year-on-year growth compared to the ₹19,160 crore net profit achieved during Q1 FY 2025-26.
Net interest income surged alongside operational improvements, boosting overall profitability.
Exam Note: SBI's strong financial standing reflects sustained asset quality improvement and credit demand across retail and corporate sectors.
This figures a 10% year-on-year growth compared to the ₹19,160 crore net profit achieved during Q1 FY 2025-26.
Net interest income surged alongside operational improvements, boosting overall profitability.
Exam Note: SBI's strong financial standing reflects sustained asset quality improvement and credit demand across retail and corporate sectors.
Key Facts / Static GK
SBI Headquarters: Mumbai, Maharashtra
SBI Chairman: CS Setty
Q1FY27 Net Profit: ₹21,121 crore
SBI Chairman: CS Setty
Q1FY27 Net Profit: ₹21,121 crore
Practice Quiz — 8 August 2026
Q1. Who has recently assumed charge as the Acting Central Vigilance Commissioner (CVC) of India?
Answer: (A) Praveen Kumar Srivastava — A.S. Rajeev took charge as the Acting Central Vigilance Commissioner, succeeding Praveen Kumar Srivastava whose tenure ended.
Q2. India's first Rail-Tech Park is set to be established in which state?
Answer: (C) Odisha — Odisha is establishing India's first Rail-Tech Park at Sahaspur Industrial Estate in Khordha district, developed by IDCO.
Q3. In which year will India host the first Global South Film Festival?
Answer: (C) 2027 — India announced during the BRICS WAVES Bazaar in Mumbai that it will host the first Global South Film Festival in 2027.
Q4. What is the net profit reported by State Bank of India (SBI) for Q1 Financial Year 2026-27?
Answer: (C) ₹21,121 crore — SBI reported its highest-ever quarterly net profit of ₹21,121 crore in Q1 FY27, up 10% YoY from ₹19,160 crore.
Q5. Which private sector bank recently obtained RBI approval to set up a wholly-owned stock broking subsidiary?
Answer: (C) IndusInd Bank — IndusInd Bank has received approval from the RBI to establish a wholly owned subsidiary to conduct stock broking operations.
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