News · BFSI
State Bank of India posted a 14.28% year-on-year rise in net profit for the July-September quarter of FY27, with advances, deposits and asset quality all showing improvement.
✦ AI SUMMARY 30-second read
- Net profit reached ₹23,038 crore in Q2 FY27, up from ₹20,160 crore a year earlier; first-half net profit stood at ₹44,159 crore.
- Gross NPA ratio fell to 1.39% from 1.73%, and net NPA ratio improved to 0.36% from 0.42% a year earlier.
- Gross advances grew 17.84% year-on-year, led by agricultural advances at 22.64% and SME advances at 21.97%.
Why it matters: As India's largest public sector lender, SBI's earnings and asset-quality trends are a broad indicator of the health of the domestic banking system.
This summary was generated by AI. Editors may review and update it.
State Bank of India announced on November 3 that its net profit for the second quarter of FY27 rose 14.28% year-on-year to ₹23,038 crore, against ₹20,160 crore in the same quarter a year ago. On a sequential basis, the figure was up 9.07% from ₹21,121 crore recorded in the preceding quarter.
The bank's net interest income climbed 14.69% to ₹49,143 crore during the July-September period, while operating profit grew 7.28% to ₹34,226 crore. For the first half of FY27, SBI reported a net profit of ₹44,159 crore, a year-on-year increase of 12.31%.
Advances and deposits
SBI's total business stood at approximately ₹115 lakh crore as of September 30, 2026, comprising deposits of ₹62.78 lakh crore and gross advances of ₹52.08 lakh crore. Total deposits grew 12.27% year-on-year, while gross advances expanded 17.84% over the same period.
Among lending segments, agricultural advances led growth at 22.64%, followed by SME advances at 21.97%, corporate advances at 16.12% and retail personal advances at 14.54%. Domestic advances as a whole rose 16.94% year-on-year.
Current account and savings account deposits grew 8.13%, though the CASA ratio eased to 38.32% from 39.63% a year earlier.
Asset quality and provisions
The bank's gross NPA ratio declined to 1.39% from 1.73% a year ago, and the net NPA ratio improved to 0.36% from 0.42% over the same period. The provision coverage ratio, including accounts under collection, stood at 91.83%.
Credit cost fell to 0.22% from 0.39% in the corresponding quarter of the previous financial year. Loan loss provisions dropped 33.23% year-on-year to ₹2,759 crore.
Margins and capital adequacy
SBI's domestic net interest margin improved to 3.11% from 3% in the preceding quarter, while the whole-bank margin stood at 2.94%. The capital adequacy ratio strengthened to 16.09% at the end of September 2026, compared with 14.62% a year earlier.
Elets will continue to update this story as further details emerge.
