State Bank of India (SBI) reported standalone profit up 14.28% in Q2FY27 as net interest income grew and asset-quality measures improved, while pre-provision operating profit declined.
The July-September quarter ended Sept. 30, 2026. Net profit reached ₹23,037.95 crore (₹230.38 billion), compared with ₹20,159.67 crore a year earlier, the bank’s unaudited results filing showed. Net interest income rose 14.69% to ₹49,143 crore.
Gross advances were ₹52.08 trillion at quarter-end, up 17.84% year over year, while deposits totaled ₹62.78 trillion, a 12.27% increase. SBI’s Q1FY27 results reported advances growth of 18.63% and deposit growth of 9.73%, so lending grew faster than deposits in both periods. EconoTimes previously covered SBI’s June-quarter loan and deposit trends.
Provisions for nonperforming assets (NPAs) dropped 33.23% to ₹2,759.10 crore from ₹4,132.34 crore. Total provisions and contingencies, excluding tax, declined 21.91% to ₹4,216.86 crore. SBI’s gross NPA ratio improved to 1.39% from 1.73%, net NPA ratio fell to 0.36% from 0.42%, and credit cost declined to 0.22% from 0.39%.
The filing reported operating profit before provisions and contingencies of ₹26,917.24 crore, down from ₹27,310.92 crore a year earlier, a 1.44% decline. SBI’s analyst presentation showed a separate operating-profit figure of ₹34,226 crore, up 7.28%; it said non-interest income included a one-time ₹7,288 crore profit from a stake sale in SBI Funds Management. The presentation also listed a ₹4,593 crore one-time gain from a Yes Bank stake sale in Q2FY26. Non-interest income fell 4.94% to ₹19,066 crore in Q2FY27, while operating expenses increased 9.63% to ₹33,983 crore.
Whole-bank net interest margin (NIM) was 2.94%, compared with 2.96% a year earlier; domestic NIM was 3.11%, up from 3.08%. SBI’s presentation listed domestic cost of deposits at 4.84% in September 2026, down from 5.13% in September 2025.
