SBI Q2 Profit Soars 10% to ₹20,160 Crore
The State Bank of India (SBI), the largest lender in the country, has reported impressive financial results for the quarter ended September 2025. The bank’s net profit surged by 10% to reach ₹20,160 crore, compared to ₹18,331 crore in the same period last year. This growth reflects the bank's strong performance in a competitive banking environment.
In terms of net interest income (NII), SBI recorded a growth of 3.28%, amounting to ₹42,984 crore, up from ₹41,620 crore in the previous year. However, the domestic net interest margin (NIM) saw a slight decline of 18 basis points, settling at 3.09%. This indicates that while the bank is earning more from its lending, the efficiency at which it generates interest income has faced some challenges.
A highlight of SBI’s financial health is the improvement in its gross non-performing assets (NPAs), which decreased by 40 basis points to 1.73%. This is a positive sign, suggesting that the bank is effectively managing its loans. The net NPA also improved, standing at 0.42% compared to 0.53% from the previous year. Fresh slippages, which reflect new loans turning into NPAs, amounted to ₹4,754 crore, a reduction from ₹4,871 crore a year earlier.
The growth in the bank's advances is noteworthy. Gross advances increased by 12.73% to ₹44,19,674 crore from ₹39,20,719 crore in the same quarter last year. Retail advances saw a remarkable rise of 15.09%, driven primarily by a strong growth of 18.78% in SME advances, followed closely by a 14.23% increase in agricultural advances and a 14.09% rise in retail personal advances. Corporate advances also experienced growth, registering a 7.10% increase.
Moreover, SBI’s deposits rose by 9.27% to ₹55,91,700 crore from ₹51,17,285 crore. The growth of domestic CASA (Current Account and Savings Account) deposits by 8.06% reflects a healthy deposit base. The bank's capital adequacy ratio (CAR) stood at a solid 14.62% at the end of Q2 FY26, indicating a strong financial position.
In the stock market, SBI's shares closed 0.72% higher at ₹957.05 apiece on the BSE, reflecting investor confidence in the bank's performance. Overall, SBI's robust growth in profits and advances showcases its strong position in the Indian banking sector.
