News ArticleState Bank of India Reports ₹23,038 Crores Net Profit for Q2FY27, Up 14.28% Year-on-Year
Bank’s business crosses ₹115 trillion with advances and deposits growing steadily; credit cost declines to 0.22%
State Bank of India (SBI) announced its financial results for Q2FY27, reporting a net profit of ₹23,038 crores, marking a 14.28% year-over-year increase. The bank's business reached approximately ₹115 trillion, with deposits at ₹63 trillion and advances at ₹52 trillion. Key financial metrics include a 7.28% YoY rise in operating profit to ₹34,226 crores, a credit cost reduction to 0.22%, and a capital adequacy ratio of 16.09% as of September 30, 2026.
State Bank of India
General / Other
State Bank of India announced a net profit of ₹23,038 crores for the quarter ended September 30, 2026, representing a 14.28% increase compared to the same period last year. The bank's business reached around ₹115 trillion, supported by growth in deposits and advances.
The bank's total deposits increased to ₹63 trillion, while advances grew to ₹52 trillion during the quarter. Operating profit rose 7.28% year-on-year to ₹34,226 crores. Net interest income rose by 14.69% year-on-year in Q2FY27.
Margins improved with the domestic net interest margin (NIM) at 3.11% for the quarter, up 11 basis points from the previous quarter. The return on assets (ROA) and return on equity (ROE) for the half year stood at 1.14% and 18.68%, respectively.
Asset quality improved, with the gross non-performing asset (NPA) ratio decreasing to 1.39% and net NPA ratio at 0.36%, both showing improvements year-over-year. The slippage ratio improved to 0.41%, and credit cost fell to 0.22%, down 17 basis points year-on-year.
Capital adequacy remained strong with a Capital to Risk Weighted Assets Ratio (CRAR) of 16.09% as of September 30, 2026. Advances in the retail and corporate segments showed solid growth, with retail personal advances increasing by 14.54% year-on-year.
The bank's CASA deposits grew by 8.13% year-on-year, maintaining a CASA ratio of 38.32%. The bank’s balance sheet growth included a 17.84% rise in gross advances and a 12.27% increase in total deposits year-on-year.
Highlights
- Net profit for Q2FY27: ₹23,038 crores, up 14.28% YoY
- Business level approximately ₹115 trillion
- Deposits at ₹63 trillion, advances at ₹52 trillion
- Operating profit rose 7.28% YoY to ₹34,226 crores
- Domestic net interest margin (NIM) improved to 3.11%
- Gross NPA ratio improved to 1.39%, net NPA to 0.36% YoY improvement seen in asset quality metrics by quarter end September 2026: Improvement of 34 bps in gross NPA ratio and 6 bps in net NPA ratio from year prior period Credit cost reduced
Key Data Snapshot
What happened
- State Bank of India reported a net profit of ₹23,038 crores for Q2FY27, a 14.28% increase year-over-year.
- Total business level reached approximately ₹115 trillion comprising deposits of ₹63 trillion and advances of ₹52 trillion.
- Operating profit increased by 7.28% year-over-year to ₹34,226 crores.
- Domestic net interest margin improved to 3.11% in Q2FY27, rising 11 basis points from Q1FY27.
- Asset quality improved with gross NPA ratio at 1.39% and net NPA ratio at 0.36%, both better than the previous year.
- Credit cost reduced to 0.22% in Q2FY27, down 17 basis points year-over-year.
- Capital adequacy ratio (CRAR) stood strong at 16.09% as of September 30, 2026.
Key details
- Advances grew 17.84% year-on-year, driven by 16.12% growth in domestic corporate advances and 14.54% growth in domestic retail personal advances.
- Deposits grew 12.27% year-on-year; CASA deposits increased by 8.13% with a CASA ratio of 38.32%.
- Return on Assets for H1FY27 was 1.14%, and Return on Equity stood at 18.68%.
- Net interest income grew by 14.69% year-over-year to ₹49,143 crores in Q2FY27.
- Slippage ratio improved to 0.41% in Q2FY27, a 4 basis points improvement year-over-year.
Highlights
- Net profit for Q2FY27: ₹23,038 crores, up 14.28% YoY
- Business level approximately ₹115 trillion
- Deposits at ₹63 trillion, advances at ₹52 trillion
- Operating profit rose 7.28% YoY to ₹34,226 crores
- Domestic net interest margin (NIM) improved to 3.11%
- Gross NPA ratio improved to 1.39%, net NPA to 0.36% YoY improvement seen in asset quality metrics by quarter end September 2026: Improvement of 34 bps in gross NPA ratio and 6 bps in net NPA ratio from year prior period Credit cost reduced
Disclosures
- Regulation 30
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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