Q3 FY26 Profits for Public Sector Banks Hit ₹52,603 Crore, Marking 18% Growth; SBI, IOB and Others in Focus

Public sector banks (PSBs) announced a combined profit of ₹52,603 crore for the December quarter of FY26, marking an 18% year-on-year increase and highlighting strong earnings across the sector. 

Q3 FY26 Profit Figures for Public Sector Banks 

The aggregate profit of 12 PSBs rose by ₹8,130 crore from the same quarter last year. SBI contributed 40% of the total earnings, posting a net profit of ₹21,028 crore, which is 24% higher than the comparable period. Indian Overseas Bank posted the highest profit growth at 56% to ₹1,365 crore, while Central Bank of India recorded a 32% rise to ₹1,263 crore. 

Performance of Major Lenders 

Bank of Maharashtra and Canara Bank each reported profit improvements above 20%, with increases of 27% and 26% respectively. Punjab & Sind Bank, UCO Bank and Punjab National Bank posted double‑digit gains of 19%, 16% and 13%. Four banks – Bank of Baroda, Union Bank of India, Indian Bank and Bank of India – showed single‑digit growth. 

Read More: Best PSU Stocks in India in February 2026: SBI, SAIL, and More Based on 5Y CAGR! 

Annual and 9 Month Profit Trends 

On an annual basis, PSBs posted a 9% rise to ₹49,456 crore in the second quarter and an 11% rise to ₹44,218 crore in the first quarter. For the nine month period ending December 2025, total profit crossed ₹1,45,000 crore for the first time, reaching ₹1,46,277 crore – a growth of nearly 13% over the same period in FY25. 

Conclusion 

The Q3 FY26 results show a solid profit expansion for PSBs, driven primarily by SBI’s strong earnings and notable growth in several mid‑size lenders. The sector’s cumulative profit now exceeds ₹52,000 crore, reflecting robust performance across the board. 

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