Public sector banks earned higher commissions from selling insurance products in FY26, with most lenders reporting growth through this activity. However, income from mutual fund distributions was mixed, with some banks reporting higher earnings while others saw declines. An analysis of annual reports of banks by PTI showed that the country's largest lender, State Bank of India (SBI), continued to dominate the segment, earning Rs 2,795.01 crore in insurance commission during FY26, up 19.26 per cent from Rs 2,345.36 crore in the previous financial year.