State Bank of India Records Higher Income and Lower Bad Loans in Q2

State Bank of India (SBI), the country’s largest public sector lender, has announced its financial results for the second quarter of the 2026–27 financial year. On a standalone basis, the bank posted a net profit of ₹23,038 crore, marking a 14% increase compared with ₹20,160 crore recorded in the corresponding quarter last year. According to its regulatory filing, total income rose to ₹1,43,796 crore from ₹1,34,979 crore. Net interest income-related earnings also improved, with interest income increasing to ₹1,32,019 crore from ₹1,19,654 crore.

The bank also reported an improvement in asset quality during the quarter. As of September 30, gross non-performing assets declined to 1.39% from 1.73% a year earlier, while net NPAs fell to 0.36% from 0.42%. Provisions set aside for bad loans decreased to ₹2,759 crore from ₹4,132 crore in the year-ago period. On a consolidated basis, SBI Group’s net profit increased by 20% to ₹25,361 crore, compared with ₹21,137 crore in the corresponding quarter last year. Consolidated total income also rose from ₹1.75 lakh crore to ₹1.87 lakh crore.