SBI Profit Rises 14%; Shares Up 1.5%

Authored By HDFC SKY | Published at: Nov 4, 2026 09:44 AM IST

State Bank of India reported a net profit of ₹23,038 crore for Q2 FY27, marking a 14.28% year-on-year increase. Net interest income rose 14.69% to ₹49,143 crore, while operating profit grew 7.28% to ₹34,226 crore.

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Mumbai, November 04: State Bank of India (SBI) reported a net profit of ₹23,038 crore for the second quarter of FY27, registering a 14.28% increase from ₹20,160 crore in the corresponding quarter last year.

The bank submitted its financial results for the quarter ended September 30, 2026, to the stock exchanges on November 3, 2026.

SBI Q2 FY27 Financial Performance

SBI’s net interest income (NII) increased 14.69% year-on-year to ₹49,143 crore in Q2 FY27, compared with ₹42,847 crore in Q2 FY26. Operating profit grew 7.28% to ₹34,226 crore from ₹31,904 crore.

Interest income rose 10.46% to ₹1,32,019 crore, while interest expenses increased 8.09% to ₹82,876 crore during the quarter.

For the first half of FY27, the bank reported net profit of ₹44,159 crore, up 12.31% from ₹39,320 crore in H1 FY26. Net interest income increased 14.78% to ₹96,135 crore.

SBI Asset Quality and Capital Adequacy

SBI’s gross non-performing asset (GNPA) ratio improved to 1.39% as of September 30, 2026, from 1.73% a year earlier. The net NPA ratio declined to 0.36% from 0.42%.

The provision coverage ratio, including AUCA, stood at 91.83%, while the credit cost was 0.22%. The capital to risk-weighted assets ratio (CRAR) stood at 16.09%.

Stock Market Snapshot

The SBI share price was trading at ₹984.60, up ₹14.35 or 1.48% on Wednesday, November 4, 2026, at 9:18:59 AM IST, compared with the previous close of ₹970.25. The stock opened at ₹975.10.

SBI share price

About State Bank of India

State Bank of India is a public sector banking and financial services institution headquartered in Mumbai. It provides banking, lending, investment and other financial services to retail, corporate and institutional customers.

Conclusion

SBI reported double-digit growth in net profit and net interest income in Q2 FY27. The bank also recorded an improvement in its asset quality, with both gross and net NPA ratios declining year-on-year.

Source:

https://www.nseindia.com/get-quote/equity/SBIN/State-Bank-of-India
https://nsearchives.nseindia.com/corporate/SBIN_03112026135813_PressRelease.pdf

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