PSB earnings review: FinMin holds Q1 meeting with bank chiefs; SBI leads sector with Rs 44,218 crore profit

Public sector banks (PSBs) in India showcased strong financial performance in Q1 FY26, achieving a record collective profit of Rs 44,218 crore, an 11% increase year-on-year. State Bank of India led the gains, contributing significantly to the overall earnings. While most PSBs saw profit growth, Punjab National Bank experienced a decline during the same period.