SBI Q2FY27 profit
soars 14pc to Rs 23,038 crore; consolidated earnings up 20pc
THEBUSINESSBYTES BUREAU
NEW DELHI, NOVEMBER 3, 2026
State Bank of India (SBI), the country's largest lender, on Tuesday
reported a robust 14.28 per cent year-on-year growth in standalone net profit
at Rs 23,038 crore for the second quarter ended September 30, 2026, driven by
higher income and an improvement in asset quality.
The bank had posted a standalone net profit of Rs 20,160 crore in the
corresponding quarter of the previous financial year.
According to a regulatory filing, SBI's total income rose to Rs 1,43,796
crore during the July-September quarter of FY27, compared with Rs 1,34,979
crore in the year-ago period.
Interest earned by the country's largest bank also registered a
significant increase, climbing to Rs 1,32,019 crore during the quarter under
review from Rs 1,19,654 crore in the corresponding period of FY26.
Reflecting an improvement in asset quality, the bank's gross
non-performing assets (NPAs) declined to 1.39 per cent of gross advances as on
September 30, 2026, against 1.73 per cent a year earlier. Net NPAs also moderated
to 0.36 per cent from 0.42 per cent during the same period.
The improvement in asset quality was reflected in lower provisioning
requirements, with provisions for bad loans declining to Rs 2,759 crore in the
second quarter from Rs 4,132 crore in the year-ago period.
On a consolidated basis, SBI Group posted a 20 per cent jump in net
profit to Rs 25,361 crore during the July-September quarter, compared with Rs
21,137 crore in the corresponding quarter of FY26.
The group's consolidated total income also increased to Rs 1,87,756 crore from Rs 1,75,898 crore in the year-ago period.
Meanwhile, SBI's capital adequacy ratio strengthened to 16.09 per cent as on September 30, 2026, compared with 14.62 per cent at the end of September 2025, indicating an improvement in its capital position.
