PSBs outpace private banks in Q2FY27 profit growth
In short
Public sector banks reported 20% profit growth in Q2FY27, taking total profit to ₹59,366 crore. Major private banks grew profit by 19.8% to ₹53,629 crore.
SBI Research said PSBs were slightly ahead of private banks in the quarter. The numbers show stronger earnings growth at state-run lenders in this period.
What the reporting says
Public sector banks posted a 20% year-on-year rise in profit to ₹59,366 crore in Q2FY27, slightly ahead of major private banks’ 19.8% growth to ₹53,629 crore. SBI Research highlighted the gap in quarterly earnings growth between the two banking groups. The figures point to stronger profit momentum at public sector banks in the reported quarter.
Why it matters
Public sector banks reported a 20% year-on-year rise in profit to ₹59,366 crore in Q2FY27, according to SBI Research. Major private banks posted 19.8% growth to ₹53,629 crore. The data suggests state-run lenders slightly outperformed private sector banks on profit growth in the quarter, making the banking sector the main market focus.