State Bank of India (SBI) has announced its financial results for Q2 FY26, showcasing a robust performance. The bank reported a significant increase in operating profit to ₹32,116.97 crore. Amidst these results, SBI also divested from Jio Payments Bank Ltd and Yes Bank Limited, recognizing profits of ₹25.46 Crore and ₹4,593.22 Crore respectively.
Financial Performance Highlights
State Bank of India (SBI) reported strong financial results for the quarter ended September 30, 2025. Key highlights include:
- Interest earned: ₹1,19,653.93 crore.
- Other Income: ₹15,325.54 crore.
- Operating profit before provisions and contingencies: ₹32,116.97 crore.
- Net Profit After Tax: ₹20,159.67 crore.
The bank’s earnings per share (EPS) stood at ₹22.00 for the quarter.
Divestments and Investments
SBI executed the following significant transactions during the quarter:
- Divested its entire 14.96% stake in Jio Payments Bank Ltd, resulting in a profit of ₹25.46 Crore.
- Divested 13.18% of its equity shareholding in Yes Bank Limited, recognizing a profit of ₹4,593.22 Crore. SBI’s shareholding in Yes Bank Ltd. stands at 10.78% as of September 30, 2025.
- Acquired an additional 4.925% equity stake in SBI General Insurance Company Ltd, increasing its shareholding to 73.89%.
Asset Quality and Capital Adequacy
SBI maintained a strong capital adequacy ratio (Basel III) of 14.62%. The bank’s provision coverage ratio (PCR) stood at 75.79%. PCR with AUCA (Advance Under Collection Account) is at 92.29%.
Segment Performance
The segment-wise performance includes:
- Treasury operations revenue: ₹33,063.88 crore.
- Corporate/Wholesale Banking operations revenue: ₹36,941.71 crore.
- Retail Banking operations revenue: ₹64,561.88 crore.
Other Key Points
- The bank has revalued its freehold immovable properties, resulting in a revaluation surplus of ₹7,288.81 Crore.
- The bank estimated its liability for unhedged foreign currency exposures and is holding a provision of ₹227.85 Crore as of September 30, 2025.
Source: BSE