State Bank of India has announced its financial results for the quarter ended September 30, 2025, showcasing strong profitability and improved asset quality. The bank's business has crossed a significant milestone while maintaining healthy growth across key segments.
The bank reported a net profit of ₹20,160 crore for Q2FY26, registering a growth of 9.97% year on year compared to ₹18,331 crore in Q2FY25. Operating profit for the quarter increased by 8.91% YoY to ₹31,904 crore. The bank's Return on Assets (ROA) and Return on Equity (ROE) for the half year stood at 1.15% and 20.21% respectively.
Net Interest Income (NII) for Q2FY26 increased by 3.28% YoY to ₹42,984 crore. The whole bank Net Interest Margin (NIM) for Q2FY26 stood at 2.97% whilst the domestic NIM was reported at 3.09%.
SBI's total business crossed the ₹100 trillion mark during the quarter, representing a major achievement for the bank. The Retail, Agriculture and MSME (RAM) portfolio exceeded ₹25 trillion, demonstrating strong growth in priority segments.
Whole bank advances grew by 12.73% YoY, with domestic advances growth at 12.32% YoY. Gross advances stood at ₹44,19,674 crore as on September 30, 2025. Retail advances grew by 15.09% YoY, led by SME advances growth at 18.78% YoY, followed by agricultural advances growth at 14.23% YoY and retail personal advances growth at 14.09%.
Corporate advances registered YoY growth of 7.10%. Whole bank deposits grew by 9.27% YoY to ₹55,91,700 crore. CASA deposits grew by 8.06% YoY, with the CASA ratio standing at 39.63% as on September 30, 2025.
Read More: SBI Becomes Special Category Client of India International Bullion Exchange!
The bank's asset quality showed significant improvement with the Gross NPA ratio at 1.73%, improving by 40 basis points YoY. Net NPA ratio stood at 0.42%, improving by 11 basis points YoY. Provision Coverage Ratio (PCR) improved by 13 basis points YoY and stood at 75.79%, whilst PCR including AUCA improved by 8 basis points and stood at 92.29%.
More than 64% of savings bank accounts were opened digitally through YONO in Q2FY26. The share of alternate channels in total transactions increased from approximately 98.2% in H1FY25 to approximately 98.6% in H1FY26, reflecting the bank's focus on digital transformation.
On November 4, 2025, State Bank of India share price opened at ₹951.00 on NSE, above the previous close of ₹949.70. During the day, it surged to ₹958.60 and dipped to ₹941.50. The stock is trading at ₹953.75 as of 2:06 PM. The stock registered a marginal change of 0.43%.
Over the past week, it has moved up by 1.49%, over the past month, it has moved up by 9.12%, and over the past 3 months, it has moved up by 19.86%.
SBI's Q2FY26 results demonstrate robust financial performance with net profit of ₹20,160 crore and improved asset quality. The bank's business crossing ₹100 trillion and strong growth across retail and corporate segments indicate healthy operational momentum heading into the second half of the fiscal year.
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Published on: Nov 4, 2025, 2:19 PM IST
Team Angel One
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