State Bank of India (SBI) Share Price in Focus After Q2 FY27 Earnings Results: Total Income Up 6.7% YoY

On November 3, 2026, State Bank of India (SBI) has reported its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026, as per the exchange filings.  

SBI Quarterly Q2 FY27 Earnings Results 

The bank's total income for the September quarter increased by 6.7% year-on-year (YoY) to ₹1,87,756.19 crore, compared to ₹1,75,897.79 crore in the same period last year. Quarter-on-quarter (QoQ), the income rose by 4.3% from ₹1,80,061.86 crore in June 2026. 

Net profit for the September 2026 quarter surged by 19.7% YoY to ₹25,741.47 crore, up from ₹21,504.49 crore a year earlier. Compared to the June 2026 quarter, net profit increased by 4.7% from ₹24,579.04 crore.  

SBI Half-Yearly Performance  

For the half-year ended September 30, 2026, SBI's total income rose by 7.3% YoY to ₹3,67,818.05 crore, while net profit increased by 16.7% YoY to ₹50,320.51 crore. 

Deposit and Advance Growth 

SBI's whole bank advances grew by 17.84% YoY, with domestic advances rising by 16.94%. Corporate advances saw a 16.12% YoY increase. The bank's whole deposits grew by 12.27% YoY, reaching ₹62,77,919 crore. Domestic CASA deposits increased by 8.13% YoY, resulting in a CASA ratio of 38.32%. 

Breakdown of Advances 

RAM advances grew by 17.34% YoY, with the agriculture sector leading the growth at 22.64% YoY. SME advances increased by 21.97% YoY, while retail personal advances grew by 14.54% YoY. Home loans within this segment rose by 11.94%, reaching ₹9,85,537 crore. 

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Asset Quality and Capital Adequacy 

The gross NPA ratio improved by 34 basis points YoY to 1.39%, while the net NPA ratio declined to 0.36%. The provision coverage ratio, including AUCA, stood at 91.83%. The bank's credit cost for the quarter was reduced to 0.22%, down by 17 basis points YoY.  

SBI's total capital to risk-weighted assets ratio was 16.09%, an improvement of 147 basis points YoY. The CET-1 ratio was 13.34%, up by 187 basis points YoY, and the Tier-1 ratio reached 14.34%. 

State Bank of India Share Price Performance 

As of November 03, 2026, at 3:30 PM, State Bank of India share price on NSE was closed at ₹970.25, down by 1.70% from the previous closing price. 

Conclusion 

State Bank of India's financial results for September 2026 show a 6.7% YoY increase in total income to ₹1,87,756.19 crore and a 19.7% YoY rise in net profit to ₹25,741.47 crore. Advances grew by 17.84% YoY, and deposits increased by 12.27% YoY, with improvements in asset quality and capital adequacy ratios. 

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