State Bank of India (SBI) announced its financial results for the quarter ended September 30, 2026. The bank reported a Net Profit of ₹23,038 crore, marking a significant increase of 14.28% year-on-year. Operating Profit also saw a healthy growth of 7.28% to ₹34,226 crore. The presentation highlights strong performance across profitability, business growth, and asset quality metrics.
SBI Reports Strong Financial Performance for Q2FY27
State Bank of India (SBI) has announced its financial results for the second quarter of the financial year 2026-27 (Q2FY27), concluding on September 30, 2026. The bank demonstrated robust financial health with a substantial increase in its profit figures.
Profitability Highlights
SBI reported a Net Profit of ₹23,038 crore for the quarter, representing a significant year-on-year growth of 14.28%. The Operating Profit for the same period stood at ₹34,226 crore, an increase of 7.28% compared to the previous year. The Return on Assets (RoA) for H1FY27 was 1.14%, while the Return on Equity (RoE) for H1FY27 reached 18.68%. Net Interest Margins (NIM) for the whole bank stood at 2.94% and for domestic operations at 3.11%.
Business Growth
The bank witnessed considerable growth in its business. Gross Advances increased by 17.84% to ₹52 Trillion, and Deposits grew by 12.27% to ₹63 Trillion. Notable growth was observed in SME advances at 21.97%, Agri advances at 22.64%, and Retail Personal advances at 14.54%. Term Deposits saw a YoY growth of 16.74%.
Asset Quality
SBI maintained a strong asset quality profile. Gross NPA stood at 1.39%, and Net NPA was reported at 0.36%. The Credit Cost for Q2FY27 was 0.22%, and the Provision Coverage Ratio (PCR) was 74.43%. The bank highlighted that its NPA ratios are the lowest in over 2 decades.
Balance Sheet and Capital Adequacy
The Balance Sheet Size reached ₹78.88 Trillion. The bank’s Capital to Risk-Weighted Assets Ratio (CRAR) stood at a healthy 16.09% as of Sep 26. The RWAs to Total Assets ratio was 52.09%, and Credit Risk Weighted Assets on Advances to Gross Advances was 52.11%.
Digital Leadership
SBI continues to lead in digital adoption. 98.9% of transactions are conducted through alternate channels. The bank has 11.1 crore registered customers on YONO, with approximately 6 crore registrations on New YONO. Mobile banking transactions continue to grow, with the bank holding the No. 1 position in debit card spends, ATMs, and mobile banking transactions.
Subsidiaries Performance
The presentation also includes performance highlights from its subsidiaries. SBI Card reported a PAT of ₹1,442 crore with an RoE of 17.50% for H1FY27. SBI Life reported a PAT of ₹1,274 crore and an RoE of 12.87%. SBI Funds Management posted a PAT of ₹1,566 crore with a strong RoE of 46.81%.
Source: BSE
