<h1>State bank posts 10.16% profit jump to Rs 607 crore with strong advances growth and improved asset quality</h1> A state-run bank reported a 10.16% year-on-year increase in net profit to Rs 607 crore for the April-June quarter of 2025-26, compared to Rs 551 crore in the previous year. The growth was driven by strong advances growth and improved asset quality. Interest income from advances increased from Rs 6,000 crore to Rs 6,400 crore year-on-year, while operating expenses rose only 4%. Total business grew 13.51% to Rs 5,23,736 crore, with gross advances jumping 16.48% to Rs 2,25,101 crore and deposits rising 11.37% to Rs 2,98,635 crore. Asset quality improved significantly with gross NPAs declining to 2.63% from 3.32% and net NPAs falling to 0.45% from 0.78%. The bank operates 3,305 branches including two overseas locations.