State Bank of India Reports Q2FY26 Results: Net Profit Grows by 9.97% YoY

State Bank of India (SBI) has announced its financial results for the quarter ended 30.09.2025. The bank reported a net profit of 20,160 crores, representing a growth of 9.97% YoY. The operating profit for Q2FY26 increased by 8.91% YoY to ¥31,904 crores. The bank's ROA and ROE for the half year stand at 1.15% and 20.21% respectively. The net interest income (NII) for Q2FY26 increased by 3.28% YoY. The whole bank and domestic NIM for the half year stand at 2.93% and 3.05% respectively. The whole bank NIM for Q2FY26 is at 2.97% and domestic NIM is at 3.09%. The whole bank advances grew by 12.73% YoY with domestic advances growth at 12.32% YoY. The retail advances grew by 15.09% YoY, led by SME advances growth at 18.78% YoY followed by Agri advances growth at 14.23% YoY and Retail personal advances growth at 14.09%. The corporate advances registered YoY growth of 7.10%. The whole bank deposits grew by 9.27% YoY. The gross NPA ratio at 1.73% improved by 40 bps YoY. The net NPA ratio at 0.42% improved by 11 bps YoY. The provision coverage ratio (PCR) improved by 13 pbs YoY and stands at 75.79% while PCR (incl. AUCA) improved by 8 bps and stands at 92.29%. The slippage ratio for H1FY26 improved by 8 bps YoY and stands at 0.60%. The credit cost for Q2FY26 stands at 0.39%. The capital adequacy ratio (CAR) as at the end of Q2FY26 stands at 14.62%. More than 64% of SB accounts were opened digitally through YONO in Q2FY26. The share of alternate channels in total transactions increased from ~98.2% in H1FY25 to ~98.6% in H1FY26.