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SBI Q2 results: State Bank of India (SBI) reported a standalone net profit of Rs 20,160 crore for the second quarter of FY26, marking a year-on-year rise of 9.97%, as per the lender’s regulatory filing released on Tuesday.SBI stock hit a 52-week high in trade today after beginning the day at Rs 952.25. It closed the day at Rs 954.60, after rising to Rs 959.30 intraday.Here are top 10 things about SBI’s results:
SBI results beat expectations
The result came in stronger than market expectations, as brokerages had anticipated a drop of up to 17% in quarterly profit, estimating it to fall within the Rs 17,700 crore to Rs 18,800 crore range, according to ET. In the same quarter last year, the bank had posted a profit of Rs 18,331 crore.
Crossing milestones
The quarter also marked two major milestones for the country’s largest lender. SBI’s overall business has crossed the Rs 100 trillion mark, while its retail, Agriculture and MSME (RAM) portfolio also surged past Rs 25 trillion.
Profitability factor
During Q2, SBI’s operating profit reached Rs 31,904 crore, registering an annual increase of 8.91%. Net Interest Income (NII) improved 3.28% year-on-year. The bank reported a Return on Assets of 1.15% and a Return on Equity of 20.21% for the first half of FY26.
Interest income and expenses
The bank’s interest income soared to Rs 1,19,654 crore during the quarter, reflecting a 5.08% year-on-year growth. The interest expenses, meanwhile, rose to Rs 76,670 crore over the same period, rising 6.12% on a quarterly basis.
Interest margin
Net Interest Margin (NIM) for the whole bank stood at 2.97% during the quarter, while domestic NIM came in at 3.09%. For the half-year period, whole bank and domestic NIM measured 2.93% and 3.05% respectively.
Advances
SBI recorded 12.73% year-on-year growth in advances, supported by a 12.32% rise in domestic lending. Retail advances remained the primary growth driver, rising 15.09% year-on-year. Within this, SME advances grew the fastest at 18.78%, followed by agriculture loans at 14.23% and retail personal advances at 14.09%.
Loans and liabilities
Corporate loans saw a comparatively slower rise of 7.10% from a year earlier. Advances from foreign offices grew 15.04% year-on-year.On the liabilities side, deposits rose 9.27% year-on-year. Current account and savings account (CASA) deposits grew 8.06%, and the CASA ratio stood at 39.63% as of 30 September 2025.
Asset quality continues to strengthen
The bank reported further improvement in asset quality. Gross non-performing assets (NPA) dropped to 1.73%, improving by 40 basis points year-on-year, while net NPA fell to 0.42%, an improvement of 11 basis points.
Key ratios — PCR and CAR
Provision Coverage Ratio (PCR) increased to 75.79%, and including AUCA, PCR stood at 92.29%. SBI’s Capital Adequacy Ratio (CAR) stood at 14.62% at the end of the September quarter.
Growth through Yono and other channels
The lender continued its push towards digital channels. Over 64% of savings bank accounts opened during the quarter were done through its digital platform, YONO.Alternate banking channels, including mobile and internet banking, accounted for 98.6% of total transactions in H1FY26, up from 98.2% a year earlier.
