State Bank of India (SBI) reported a net profit of ₹20,160 crores for Q2FY26, an increase of 9.97% year-over-year. The operating profit rose to ₹31,904 crores, up by 8.91% YoY. Bank’s ROA and ROE for the half year stand at 1.15% and 20.21% respectively. Whole Bank Advances grew by 12.73% YoY, with Domestic Advances growing at 12.32% YoY.
Financial Performance Highlights
SBI’s net profit for Q2FY26 stood at ₹20,160 crores, reflecting a 9.97% increase compared to the same quarter last year. The operating profit for the same period increased by 8.91% YoY, reaching ₹31,904 crores. The bank’s Return on Assets (ROA) and Return on Equity (ROE) for the half-year stand at 1.15% and 20.21%, respectively.
Net Interest Income (NII) for Q2FY26 increased by 3.28% YoY. The Whole Bank and Domestic NIM for the half year stand at 2.93% and 3.05% respectively. Whole Bank NIM for Q2FY26 is at 2.97% and Domestic NIM is at 3.09%.
Balance Sheet Growth
Whole Bank Advances experienced a growth of 12.73% YoY, with Domestic Advances showing a similar increase of 12.32% YoY. Foreign Offices’ Advances grew by 15.04% YoY. Retail Advances increased by 15.09% YoY, driven by SME Advances growth at 18.78% YoY, followed by Agri Advances growth at 14.23% YoY and Retail Personal Advances growth at 14.09%. Corporate Advances registered YoY growth of 7.10%.
Whole Bank Deposits grew by 9.27% YoY. CASA Deposit growth stood at 8.06% YoY. The CASA ratio stands at 39.63% as of September 30, 2025.
Asset Quality
The Gross NPA ratio improved to 1.73%, a decrease of 40 bps YoY. The Net NPA ratio also improved to 0.42%, a decrease of 11 bps YoY. The Provision Coverage Ratio (PCR) improved by 13 bps YoY and stands at 75.79%, while PCR (including AUCA) improved by 8 bps and stands at 92.29%. Slippage Ratio for H1FY26 improved by 8 bps YoY and stands at 0.60%. Slippage Ratio for Q2FY26 improved by 6 bps YoY and stands at 0.45%. Credit Cost for Q2FY26 stands at 0.39%.
Capital Adequacy and Alternate Channels
The Capital Adequacy Ratio (CAR) as of the end of Q2FY26 stands at 14.62%.
More than 64% of SB accounts were opened digitally through YONO in Q2FY26. The share of Alternate Channels in total transactions increased from approximately 98.2% in H1FY25 to approximately 98.6% in H1FY26.
Source: BSE
