6 publishers · first seen Tue, 03 Nov 2026 00:00 UTC · updated Tue, 03 Nov 2026 11:07 UTC
State Bank of India (SBI) reported a 14.3% year-on-year increase in net profit for Q2 FY27, reaching ₹23,038 crore. The bank's stock price also saw a rise, with a closing price of ₹995.20 on November 3, up 0.83% from the previous day. Net Interest Income (NII) grew by 14.7% to ₹49,143 crore, while total advances increased by 18.2% to ₹51.54 lakh crore. Deposits grew by 12.3% to ₹62.78 lakh crore. The bank's asset quality improved, with the gross NPA ratio declining to 1.39%.
SBI's performance was supported by strong loan expansion, particularly in agriculture and SME sectors, and an improvement in asset quality. The bank's domestic net interest margin stood at 3.11%, up 11 basis points sequentially. The bank's capital position remained comfortable, with its Capital to Risk Weighted Assets Ratio (CRAR) at 16.09%.
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