New Delhi: The State Bank of India (SBI), the country’s largest lender and a leading public sector bank, has reported yet another quarter of solid performance, with its standalone net profit rising nearly 10% year-on-year to ₹20,160 crore for the quarter ended September 30, 2025 (Q2FY26). The bank continues to demonstrate strong profitability, healthy loan growth, and improved asset quality.
Record-Breaking Profit and Business Milestone
SBI’s Net Profit for Q2FY26 stood at ₹20,160 crore, up 9.97% YoY, compared to ₹18,331 crore in Q2FY25. The lender’s total business crossed the ₹100 trillion mark during the quarter, underscoring its position as India’s banking leader.
The bank’s Operating Profit increased by 8.91% YoY to ₹31,904 crore, while Net Interest Income (NII) grew 3.28% YoY to ₹42,984 crore. The Domestic Net Interest Margin (NIM) was reported at 3.09% for the quarter.
For the half year ended September 2025 (H1FY26), SBI reported a Net Profit of ₹39,320 crore — an 11.18% YoY rise over ₹35,368 crore in H1FY25. The Return on Assets (ROA) stood at 1.15%, while Return on Equity (ROE) reached a strong 20.21%.
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Steady Growth in Advances and Deposits
SBI’s advances portfolio continued to grow steadily, with Whole Bank Advances rising 12.73% YoY.
- Retail Advances surged 15.09% YoY, led by Home Loans, which increased 15.22% YoY.
- Domestic Retail Personal Advances registered 14.09% YoY growth.
- Corporate Advances rose 7.10% YoY, indicating balanced expansion across sectors.
On the deposit front, Whole Bank Deposits grew 9.27% YoY, with the CASA (Current Account Savings Account) ratio at 39.63% as of September 30, 2025.
Improved Asset Quality and Strong Capital Position
The bank reported continued improvement in asset quality metrics.
- Gross NPA ratio declined 40 basis points YoY to 1.73% from 2.13% a year earlier.
- Net NPA ratio improved 11 bps YoY to 0.42%, compared to 0.53% in Q2FY25.
- Provision Coverage Ratio (PCR), including write-offs, stood at a robust 92.29%.
The Capital Adequacy Ratio (CAR) was reported at 14.62% as of September 30, 2025, well above the regulatory requirements.
Consolidated Performance
On a consolidated basis, the SBI Group reported a 7% YoY increase in net profit at ₹21,137 crore, compared to ₹19,743 crore in Q2FY25. The Group’s total income rose to ₹1,75,898 crore, up from ₹1,63,802 crore in the same quarter last year, reflecting consistent performance across subsidiaries.
About State Bank of India (SBI)
The State Bank of India (SBI) is India’s largest public sector bank, headquartered in Mumbai. With a legacy spanning over two centuries, SBI serves millions of customers through a vast network of branches and digital platforms across the country and abroad. As a cornerstone of India’s financial system, the bank plays a pivotal role in supporting economic growth, promoting financial inclusion, and driving innovation in the banking sector.
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