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State Bank of India Results: Latest Quarterly Results & Analysis

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State Bank of India 04 Nov 2025 14:18 PM
Result PDF

Q2FY26 Quarterly Result Announced for State Bank of India

State Bank of India announced Q2FY26 results

Financial Highlights:

  • Business crossed Rs 100 Trillion and RAM Portfolio crossed Rs 25 Trillion
  • Net Profit for Q2FY26 stands at Rs 20,160 crore witnessing a growth of 9.97% YoY.
  • Operating Profit for Q2FY26 up by 8.91% YoY to Rs 31,904 crore.
  • Bank’s ROA and ROE for the half year stand at 1.15% and 20.21% respectively
  • Net Interest Income (NII) for Q2FY26 increased by 3.28% YoY.
  • Whole Bank and Domestic NIM for the half year stand at 2.93% and 3.05% respectively.
  • Whole Bank NIM for Q2FY26 is at 2.97% and Domestic NIM is at 3.09%.
  • Whole Bank Advances growth at 12.73% YoY with Domestic Advances growth at 12.32% YoY.
  • Foreign Offices’ Advances grew by 15.04% YoY.
  • Retail Advances grew by 15.09% YoY, led by SME Advances growth at 18.78% YoY followed by Agri Advances growth at 14.23% YoY and Retail Personal Advances growth at 14.09%.
  • Corporate Advances registered YoY growth of 7.10%.
  • Whole Bank Deposits grew by 9.27% YoY. CASA Deposit grew by 8.06% YoY. CASA ratio stands at 39.63% as on 30 th September 25.
  • Gross NPA ratio at 1.73% improved by 40 bps YoY.
  • Net NPA ratio at 0.42% improved by 11 bps YoY.
  • Provision Coverage Ratio (PCR) improved by 13 bps YoY and stands at 75.79% while PCR (incl. AUCA) improved by 8 bps and stands at 92.29%.
  • Slippage Ratio for H1FY26 improved by 8 bps YoY and stands at 0.60%. Slippage Ratio for Q2FY26 improved by 6 bps YoY and stands at 0.45%
  • Credit Cost for Q2FY26 stands at 0.39%.
  • Capital Adequacy Ratio (CAR) as at the end of Q2FY26 stands at 14.62%.

Result PDF

Result PDF

State Bank of India announced Q1FY26 results

  • Profitability:
    • Net Profit for Q1FY26 stands at Rs 19,160 crore witnessing a growth of 12.48% YoY.
    • Operating Profit for Q1FY26 grew by 15.49% YoY to Rs 30,544 crore.
    • Bank’s ROA and ROE for Q1FY26 stand at 1.14% and 19.70% respectively.
    • Net Interest Income (NII) for Q1FY26 decreased by 0.13% YoY.
    • Whole Bank and Domestic NIM for Q1FY26 stand at 2.90% and 3.02% respectively.
  • Balance Sheet:
    • Whole Bank Advances growth at 11.61% YoY with Domestic Advances growing by 11.06% YoY. Whole Bank Advances at Rs 42.5 Lakh crore.
    • Foreign Offices’ Advances grew by 14.81% YoY.
    • SME Advances grew by 19.10% YoY, followed by Agri Advances which grew by 12.67% YoY while Retail Personal Advances and Corporate Advances registered YoY growth of 12.56% and 5.70% respectively.
    • Whole Bank Deposits grew by 11.66% YoY. CASA Deposit grew by 8.05% YoY. CASA ratio stands at 39.36% as on 30 th June 25.
  • Asset Quality:
    • Gross NPA ratio at 1.83% improved by 38 bps YoY.
    • Net NPA ratio at 0.47% improved by 10 bps YoY.
    • Provision Coverage Ratio (PCR) stands at 74.49% while PCR (incl. AUCA) stands at 91.71%.
    • Slippage Ratio for Q1FY26 improved by 9 bps YoY and stands at 0.75%.
    • Credit Cost for Q1FY26 stands at 0.47%.
  • Capital Adequacy: Capital Adequacy Ratio (CAR) as at the end of Q1FY26 stands at 14.63%.

Result PDF

State Bank of India announced Q4FY25 results

Q4FY25 Financial Highlights:

  • Profitability:
    • Operating Profit for FY25 crosses Rs 1 lakh crore and grew by 17.89% YoY to Rs 1,10,579 crore while Operating Profit for Q4FY25 grew by 8.83% YoY to Rs 31,286 crore.
    • Net Profit for FY25 stands at Rs 70,901 crore witnessing a growth of 16.08% YoY. Net Profit for Q4FY25 stands at Rs 18,643 crore.
    • Bank’s ROA and ROE for FY25 stand at 1.10% and 19.87% respectively.
    • Net Interest Income (NII) for FY25 increased by 4.43% YoY.
    • Whole Bank and Domestic NIM for FY25 stand at 3.09% and 3.22% respectively.
    • Whole Bank and Domestic NIM for Q4FY25 stand at 3.00% and 3.15% respectively.
  • Balance Sheet :
    • Whole Bank Advances grew at 12.03% YoY, with Domestic Advances growing by 11.56% YoY. Whole Bank Advances cross Rs 42 lakh crore.
    • Foreign Offices’ Advances grew by 14.84% YoY.
    • SME Advances cross Rs 5 lakh crore, growth of 16.86% YoY, followed by Agri Advances which grew by 14.29% YoY while Retail Personal Advances and Corporate Advances registered YoY growth of 11.40% and 9.00% respectively.
    • Whole Bank Deposits grew by 9.48% YoY. CASA Deposit grew by 6.34% YoY. CASA ratio stands at 39.97% as on 31 st March 25.
  • Asset Quality:
    • Gross NPA ratio at 1.82% improved by 42 bps YoY.
    • Net NPA ratio at 0.47% improved by 10 bps YoY.
    • PCR (incl. AUCA) improved by 19 bps YoY and stands at 92.08%. Provision Coverage Ratio (PCR) at 74.42% improved by 60 bps YoY.
    • Slippage Ratio for FY25 improved by 7 bps YoY and stands at 0.55%. Slippage Ratio for Q4FY25 improved by 1 bp YoY and stands at 0.42%.
    • Credit Cost for FY25 stands at 0.38%.
  • Capital Adequacy:
    • Capital Adequacy Ratio (CAR) as at the end of FY25 stands at 14.25%.
  • Alternate Channels:
    • 64% of SB accounts were acquired digitally through YONO.
    • Share of Alternate Channels in total transactions increased from ~97.8% in FY24 to ~98.2% in FY25.

Result PDF

State Bank of India announced Q3FY25 results

Financial Highlights:

  • Net Profit for Q3FY25 stands at Rs 16,891 crore registering a growth of 84.32% YoY.
  • Operating Profit for Q3FY25 grew by 15.81% YoY to Rs 23,551 crore.
  • ROA at 1.04% for the quarter increased by 42 bps YoY.
  • Net Interest Income (NII) for Q3FY25 increased by 4.09% YoY.
  • Whole Bank and Domestic NIM for Q3FY25 stand at 3.01% and 3.15% respectively.

Balance Sheet:

  • Credit growth at 13.49% YoY with Domestic Advances growing by 14.06 YoY. Gross Advances cross Rs 40 Lakh crore.
  • Foreign Offices’ Advances grew by 10.35% YoY.
  • SME Advances grew by 18.71% YoY followed by Agri Advances which grew by 15.31% YoY, while Corporate Advances and Retail Personal Advances registered YoY growth of 14.86% and 11.65% respectively.
  • Whole Bank Deposits grew at 9.81% YoY, out of which CASA Deposit grew by 4.46% YoY. CASA ratio stands at 39.20% as on 31 st December 24.

Asset Quality:

  • Gross NPA ratio at 2.07% improved by 35 bps YoY.
  • Net NPA ratio at 0.53% improved by 11 bps YoY.
  • PCR (incl. AUCA) improved by 25 bps YoY and stands at 91.74%. Provision Coverage Ratio (PCR) at 74.66% improved by 49 bps YoY.
  • Slippage Ratio for 9MFY25 improved by 8 bps YoY and stands at 0.59%. Slippage Ratio for Q3FY25 improved by 19 bps YoY and stands at 0.39%
  • Credit Cost for Q3FY25 stands at 0.24%.

Capital Adequacy:

  • Capital Adequacy Ratio (CAR) as at the end of Q3FY25 stands at 13.03%.

Alternate Channels

  • 64% of SB accounts acquired digitally through YONO.

Result PDF

State Bank of India announced Q2FY25 results

  • Profitability:
    • Net Profit for Q2FY25 stands at Rs 18,331 crore registering a growth of 27.92% YoY.
    • Operating Profit for Q2FY25 grew by 50.87% YoY to Rs 29,294 crore.
    • Bank’s ROA and ROE for the half year stand at 1.13% and 21.78% respectively.
    • ROA at 1.17% for the quarter increased by 16 bps YoY.
    • Net Interest Income (NII) for Q2FY25 increased by 5.37% YoY.
    • Whole Bank and Domestic NIM for the half year stand at 3.18% and 3.31% respectively.
    • Whole Bank NIM for Q2FY25 is at 3.14% and Domestic NIM is at 3.27%.
  • Balance Sheet:
    • Credit growth at 14.93% YoY with Domestic Advances growing by 15.55% YoY.
    • Foreign Offices’ Advances grew by 11.56% YoY.
    • Domestic Advances growth is driven by Corporate Advances (18.35% YoY) followed by Agri Advances which grew by 17.67% YoY.
    • SME and Retail Personal Advances loans registered YoY growth of 17.36% and 12.32% respectively.
    • Whole Bank Deposits grew at 9.13% YoY, out of which CASA Deposit grew by 4.24% YoY. CASA ratio stands at 40.03% as on 30th September 24.
  • Asset Quality:
    • Gross NPA ratio at 2.13% improved by 42 bps YoY.
    • Net NPA ratio at 0.53% improved by 11 bps YoY.
    • PCR (incl. AUCA) improved by 28 bps YoY and stands at 92.21%. Provision Coverage Ratio (PCR) at 75.66% improved by 21 bps YoY.
    • Slippage Ratio for H1FY25 improved by 2 bps YoY and stands at 0.68%. Slippage Ratio for Q2FY25 increased by 5 bps YoY and stands at 0.51%.
    • Credit Cost for Q2FY25 stands at 0.38%
  • Capital Adequacy:
    • Capital Adequacy Ratio (CAR) as at the end of Q2FY25 stands at 13.76%.
  • Alternate Channels:
    • 61% of SB accounts acquired digitally through YONO.
    • Share of Alternate Channels in total transactions increased from ~97.7% in H1FY24 to ~98.2% in H1FY25.

Result PDF

State Bank of India announced Q1FY25 results:

  • Profitability:
    • Net Profit for Q1FY25 stands at Rs 17,035 crore witnessing a growth of 0.89% YoY.
    • Operating Profit for Q1FY25 grew by 4.55% YoY to Rs 26,449 crore.
    • Bank’s ROA and ROE for Q1FY25 stand at 1.10% and 20.98% respectively.
    • Net Interest Income (NII) for Q1FY25 increased by 5.71% YoY.
    • Whole Bank NIM for Q1FY25 is at 3.22% and Domestic NIM is at 3.35%.
  • Balance Sheet:
    • Credit growth is at 15.39% YoY with Domestic Advances growing by 15.55% YoY.
    • Foreign Offices’ Advances grew by 14.41% YoY.
    • Domestic Advances growth is driven by SME Advances (19.87% YoY) followed by Agri Advances which grew by 17.06% YoY.
    • Retail Personal Advances and Corporate loans registered YoY growth of 13.60% and 15.92% respectively.
    • Whole Bank Deposits grew at 8.18% YoY, out of which CASA Deposit grew by 2.59% YoY. CASA ratio stands at 40.70% as on 30thJune 24.
  • Asset Quality:
    • Gross NPA ratio at 2.21% improved by 55 bps YoY.
    • Net NPA ratio at 0.57% improved by 14 bps YoY.
    • PCR (with AUCA) stands at 91.76% with Provision Coverage Ratio (PCR) being at 74.41%.
    • Slippage Ratio for Q1FY25 improved by 10 bps YoY and stands at 0.84%.
    • Credit Cost for Q1FY25 stands at 0.48%.
  • Capital Adequacy:
    • Capital Adequacy Ratio (CAR) as at the end of Q1FY25 stands at 13.86%.
  • Alternate Channels:
    • Share of Alternate Channels in total transactions increased from ~97.5% in Q1FY24 to ~98.2% in Q1FY25.

Result PDF

State Bank of India announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net Profit for Q4FY24 grew by 23.98% to Rs 20,698 crore.
  • Operating Profit for Q4FY24 grew by 16.76% YoY to Rs 28,748 crore.
  • ROA at 1.36% for Q4FY24 improved by 13 bps YoY.
  • Whole Bank NIM for FY24 is marginally down by 9 bps YoY to 3.28%.
  • Credit growth is at 15.24% YoY with Domestic Advances growing by 16.26% YoY.
  • Corporate Advances and Agri Advances cross Rs 11 lakh crore and 3 lakh crore respectively.
  • Foreign Offices’ Advances grew by 9.47% YoY.
  • Domestic Advances growth driven by SME Advances (20.53% YoY) followed by Agri Advances which grew by 17.92% YoY.
  • Retail Personal Advances and Corporate loans registered YoY growth of 14.68% and 16.17% respectively.

FY24 Financial Highlights:

  • Net Profit for FY24 stands at Rs 61,077 crore, witnessing a growth of 21.59% YoY after accounting for wage settlement and one-time exceptional item of Rs 7,100 crore.
  • Operating Profit for FY24 grew by 12.05% YoY to Rs 93,797 crore.
  • Bank’s ROA for FY24 stands at 1.04%.
  • Net Interest Income (NII) for FY24 increased by 10.38% YoY.
  • Whole Bank Deposits grew at 11.13% YoY, out of which CASA Deposit grew by 4.25% YoY. CASA ratio stands at 41.11% as on 31st March 24.
  • Slippage Ratio for FY24 improved by 3 bps YoY and stands at 0.62%.
  • Credit Cost for FY24 improved by 3 bps YoY and stands at 0.29%.
  • Capital Adequacy Ratio (CAR) as at the end of FY24 stands at 14.28%.
  • Share of Alternate Channels in total transactions increased from ~96.9% in FY23 to ~97.8% in FY24.

Result PDF

State Bank of India announced Q3FY24 & 9MFY24 results:

Profitability:

  • Net Profit for 9MFY24 at Rs 40,378 crore improved by 20.40% over 9MFY23 (Rs 33,538 crore). Net Profit for Q3FY24 at Rs 9,164 crore after accounting for one-time exceptional item of Rs 7,100 crore.
  • Operating Profit for Q3FY24 is at Rs 20,336 crore.
  • Bank’s ROA and ROE for 9MFY24 stand at 0.94% and 19.47% respectively.
  • ROA for Q3FY24 is at 0.62%.
  • Net Interest Income (NII) for Q3FY24 increased by 4.59% YoY.
  • Whole Bank NIM for 9MFY24 decreased by 1 bp YoY to 3.28% while Domestic NIM for 9MFY24 decreased by 8 bps YoY to 3.41%

Balance Sheet:

  • Credit growth at 14.38% YoY with Domestic Advances growing by 14.47% YoY.
  • Corporate Advances and SME Advances cross Rs 10 lakh crore and 4 lakh crore respectively.
  • Foreign Offices’ Advances grew by 13.90% YoY.
  • Domestic Advances growth driven by SME Advances (19.24% YoY) followed by Agri Advances which grew by 18.12% YoY.
  • Retail Personal Advances and Corporate loans registered YoY growth of 15.28% and 10.71% respectively.
  • Whole Bank Deposits grew at 13.02% YoY, out of which CASA Deposit grew by 4.48% YoY. CASA ratio stands at 41.18% as on 31st December 23.

Asset Quality:

  • Gross NPA ratio at 2.42% improved by 72 bps YoY.
  • Net NPA ratio at 0.64% improved by 13 bps YoY.
  • PCR (Incl. AUCA) stands at 91.49%. Provision Coverage Ratio (PCR) at 74.17% declined by 195 bps YoY.
  • Slippage Ratio for 9MFY24 improved by 5 bps YoY and stands at 0.67%. Slippage Ratio for Q3FY24 increased by 17 bps YoY and stands at 0.58%.
  • Credit Cost for Q3FY24 remained flat YoY at 0.21%.

Capital Adequacy:

  • Capital Adequacy Ratio (CAR) as at the end of Q3FY24 stands at 13.05%.

Alternate Channels:

  • Share of Alternate Channels in total transactions increased from ~97.2% in 9MFY23 to ~97.7% in 9MFY24.

 

Result PDF

State Bank of India announced Q2FY24 & H1FY24 results:

1. Profitability:
- Net profit for Q2FY24 at Rs 14,330 crore, showing a growth of 8.03% YoY.
- Operating profit for Q2FY24 is at Rs 19,417 crore, reflecting a decline of 8.07% YoY.
- Bank's ROA and ROE for H1FY24 stand at 1.10% and 22.57% respectively.
- Net Interest Income (NII) for Q2FY24 increased by 12.27% YoY.

2. Balance Sheet:
- Credit growth at 12.39% YoY, with Domestic Advances growing by 13.21% YoY.
- Foreign Offices' Advances grew by 8.11% YoY.
- Domestic Advances growth driven by SME Advances (22.75% YoY) followed by Retail Personal Advances which grew by 15.68% YoY.
- Whole Bank Deposits grew at 11.91% YoY, out of which CASA Deposit grew by 4.91% YoY. CASA ratio stands at 41.88% as of September 30, 2023.

3. Asset Quality:
- Gross NPA ratio at 2.55% improved by 97 bps YoY.
- Net NPA ratio at 0.64% improved by 16 bps YoY.
- PCR (Incl. AUCA) improved by 39 bps YoY and stands at 91.93%.
- Slippage Ratio for H1FY24 improved by 16 bps YoY and stands at 0.70%.

4. Capital Adequacy:
- Capital Adequacy Ratio (CAR) as at the end of Q2FY24 improved by 77 bps YoY and stands at 14.28%.

5. Alternate Channels:
- 61% of SB accounts and 39% of retail asset accounts acquired digitally through YONO.
- Share of Alternate Channels in total transactions increased from ~96.8% in H1FY23 to ~97.7% in H1FY24.
 

 

 

Result PDF

State Bank of India announced Q1FY24 results:

  • Net Profit for Q1FY24 grew by 178.25% YoY to Rs 16,884 crore from Rs 6,068 crore during Q1FY23.
  • Operating Profit for Q1FY24 grew by 98.37% YoY to Rs 25,297 crore from Rs 12,753 crore during Q1FY23.
  • Bank’s RoA and RoE for Q1FY24 stood at 1.22% and 24.42% respectively.
  • Net Interest Income (NII) for Q1FY24 increased by 24.71% YoY.
  • Domestic NIM for Q1FY24 increased by 24 bps YoY to 3.47%.
  • Credit growth at 13.90% YoY with Domestic Advances growing at 15.08% YoY.
  • Foreign Offices’ Advances grew at 7.44% YoY.
  • Domestic Advances growth was driven by SME Advances (18.27% YoY) followed by Retail Personal Advances which grew by 16.46% YoY.
  • Auto loans cross Rs 1 lakh crore.
  • Agri and Corporate loans registered YoY growth of 14.84% and 12.38% respectively.
  • Whole Bank deposits grew at 12.00% YoY, out of which CASA deposit grew by 5.57% YoY. CASA ratio stands at 42.88% as on June 30, 2023.
  • Gross NPA ratio at 2.76% down by 115 bps YoY.
  • Net NPA ratio at 0.71% down by 29 bps YoY.
  • Provision Coverage Ratio (PCR) at 74.82% down by 23 bps YoY, PCR (Incl. AUCA) improved by 127 bps YoY and stands at 91.41%.
  • Slippage Ratio for Q1FY24 improved by 44 bps YoY and stands at 0.94%.
  • Credit Cost for Q1FY24 improved by 29 bps YoY to 0.32%.
  • Capital Adequacy Ratio (CAR) as at the end of Q1FY24 improved by 113 bps YoY and stands at 14.56%.
  • 63% of SB accounts and 35% of retail asset accounts were acquired digitally through YONO.
  • Share of Alternate Channels in total transactions increased from ~97% in Q1FY23 to ~97.5% in Q1FY24.

 

 

Result PDF

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