State Bank of India (SBI) has announced its financial results for the second quarter of FY27, ending September 30, 2026. The bank reported a significant 14.28% year-on-year growth in net profit, reaching ₹23,038 crores. Operating profit saw a growth of 7.28% YoY to ₹34,226 crores. Key balance sheet highlights include advances growing by 17.84% YoY and deposits by 12.27% YoY, while asset quality metrics showed improvement.
SBI Declares Strong Q2 FY27 Financial Results
State Bank of India (SBI) has released its financial results for the quarter ended September 30, 2026 (Q2 FY27), showcasing robust performance across key financial indicators. The bank’s net profit surged by an impressive 14.28% year-on-year, amounting to ₹23,038 crores. This growth underscores the bank’s expanding profitability and operational efficiency.
Profitability Highlights
The bank’s operating profit for Q2 FY27 also demonstrated positive momentum, growing by 7.28% year-on-year to reach ₹34,226 crores. For the half-year ended September 30, 2026, SBI reported a Return on Assets (ROA) of 1.14% and a Return on Equity (ROE) of 18.68%. Net Interest Income (NII) for the quarter increased by 14.69% YoY. Notably, both Whole Bank and Domestic Net Interest Margins (NIM) improved in Q2 FY27 compared to Q1 FY27.
Balance Sheet Growth
On the balance sheet front, SBI witnessed substantial growth in both advances and deposits. Whole Bank advances grew by 17.84% year-on-year, with domestic advances up by 16.94%. RAM (Retail, Agri, and MSME) advances saw a healthy increase of 17.34% YoY, driven by specific segment growth in Agri (22.64%), SME (21.97%), and Retail Personal Advances (14.54%). Corporate advances also registered a 16.12% YoY growth. Total deposits grew by 12.27% YoY, with CASA deposits rising by 8.13%. The CASA Ratio stood at 38.32% as of September 30, 2026.
Asset Quality and Capital Adequacy
SBI maintained a strong asset quality profile during the quarter. The Gross NPA Ratio improved by 34 bps YoY to 1.39%, and the Net NPA Ratio improved by 6 bps YoY to 0.36%. The Provision Coverage Ratio (PCR) stood at 74.43% (including AUCA, it was 91.83%). The Slippage Ratio improved by 4 bps YoY to 0.41%, and Credit Cost reduced by 17 bps YoY to 0.22%. Capital Adequacy, as measured by the Capital to Risk Weighted Assets Ratio (CRAR), was robust at 16.09% at the end of Q2 FY27.
Source: BSE
