CS Setty, the Chairman of SBI, emphasized the need for a robust financial system as India progresses towards Viksit Bharat by 2047. Speaking to leaders in the capital markets, he highlighted that developing a strong financial system requires enhancing capital markets, promoting innovation, and cultivating financial expertise. Setty stated, “At SBI, we are deeply committed to being a partner in this journey. We are here not only to provide banking solutions but to co-create the future of India’s capital markets alongside you.” Participants in the capital market recognized SBI’s high-quality service and efficient response to their needs.
The largest lender in the country reported a 12.5% increase in net profit, reaching Rs 19,160 crore for the April-June quarter of the current financial year, compared to Rs 17,035 crore during the same period last year. SBI’s operating profit for Q1 FY26 rose by an impressive 15.49% year-on-year to Rs 30,544 crore. Additionally, the overall market capitalization of companies listed on the Bombay Stock Exchange has surpassed Rs 465 lakh crore, achieving its highest level in 11 months.