SBI Q1FY27 Net Profit Rises 10.23% YoY to ₹21,121 Cr

State Bank of India (SBI) announced its Q1FY27 results, reporting a Net Profit of ₹21,121 crores, a 10.23% increase year-on-year. The bank's business crossed ₹110 trillion, with Deposits and Advances reaching ₹60 trillion and ₹50 trillion, respectively. Operating Profit grew by 9.77% YoY to ₹33,529 crores. Key profitability metrics showed improvement, with ROA at 1.11% and ROE at 17.87%. Net Interest Income (NII) saw a robust 14.88% YoY growth. Advances grew 18.63% YoY, driven by strong performance in RAM, Agri, SME, and Retail Personal segments. Asset quality improved with Gross NPA Ratio at 1.47% and Net NPA Ratio at 0.38%. Capital Adequacy Ratio (CRAR) stood at a healthy 15.67%. Digital channels continue to gain traction, with over 64% of SB accounts opened digitally via YONO.