Summary

State Bank of India (SBI) has reported its Q2FY26 results with a net profit growth of 9.97% YoY. The operating profit for the quarter 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%.

Key Highlights

1. 1

   Net Profit for Q2FY26 stands at ₹20,160 crores with a growth of 9.97% YoY

2. 2

   Operating Profit for Q2FY26 up by 8.91% YoY to ₹31,904 crores

3. 3

   Bank’s ROA and ROE for the half year stand at 1.15% and 20.21% respectively

4. 4

   Net Interest Income (NII) for Q2FY26 increased by 3.28% YoY

5. 5

   Whole Bank and Domestic NIM for the half year stand at 2.93% and 3.05% respectively

6. 6

   Whole Bank NIM for Q2FY26 is at 2.97% and Domestic NIM is at 3.09%

7. 7

   Whole Bank Advances growth at 12.73% YoY with Domestic Advances growth at 12.32% YoY

8. 8

   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%

9. 9

   Corporate Advances registered YoY growth of 7.10%

10. 10

    Whole Bank Deposits grew by 9.27% YoY

11. 11

    Gross NPA ratio at 1.73% improved by 40 bps YoY

12. 12

    Net NPA ratio at 0.42% improved by 11 bps YoY

13. 13

    Provision Coverage Ratio (PCR) improved by 13 pbs YoY and stands at 75.79%

14. 14

    Slippage Ratio for H1FY26 improved by 8 bps YoY and stands at 0.60%

15. 15

    Credit Cost for Q2FY26 stands at 0.39%

16. 16

    Capital Adequacy Ratio (CAR) as at the end of Q2FY26 stands at 14.62%