State Bank of India-led public sector banks posted a record cumulative profit of Rs 49,456 crore in the second quarter of the current fiscal, reflecting a 9 per cent year-on-year growth despite two lenders reporting a decline.

All 12 public sector banks (PSBs) together made a profit of Rs 45,547 crore in the September quarter of FY25. Thus, the increase in profit in absolute terms was Rs 3,909 crore as compared to the same quarter of the previous financial year.

Market leader SBI alone contributed 40 per cent to the total earnings of Rs 49,456 crore, as per the published numbers on stock exchanges.

SBI logged a net profit of Rs 20,160 crore in Q2 FY26, 10 per cent higher than the same period of the previous fiscal.

In percentage terms, Chennai-based Indian Overseas Bank reported the hi

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