More Stories

Informist, Friday, Aug. 7, 2026

 

Please click here to read all liners published on this story

--SBI Apr-Jun net profit INR 211.21 bln 
--Analysts saw SBI Apr-Jun net profit at INR 189.91 bln 
--SBI Apr-Jun total income INR 1.44 tln 
--SBI Apr-Jun net profit INR 211.21 bln vs INR 191.60 bln yr ago 
--SBI Apr-Jun total income INR 1.44 tln vs INR 1.35 tln yr ago 
--SBI Apr-Jun provisions INR 50.47 bln vs INR 47.59 bln yr ago 
--SBI Apr-Jun NPA provisions INR 33.59 bln vs INR 49.34 bln yr ago 
--SBI net NPA ratio 0.38% on Jun 30 vs 0.39% qtr ago, 0.47% yr ago 
--SBI Basel-III capital adequacy ratio 15.67% on Jun 30 
--SBI provision coverage ratio 74.20% on Jun 30
--SBI Apr-Jun domestic NIM 3.00% vs 2.93% qtr ago, 3.01% yr ago 
--SBI Apr-Jun net interest income INR 469.92 bln vs INR 409.07 bln year ago 
--SBI CASA ratio 39.24% on Jun 30 vs 39.46% qtr ago, 39.36% yr ago 
--SBI gross advances INR 50.47 tln on Jun 30, up 18.6% on yr 
--SBI total deposits at INR 60.06 tln on Jun 30, up 9.7% on yr 
--SBI Apr-Jun credit cost 0.27% vs unchanged on quarter, 0.47% yr ago 
--SBI domestic retail personal loans INR 17.73 tln on Jun 30, up 15.2% on yr 
--SBI domestic corporate loans INR 14.21 tln on Jun 30, up 18.1% on yr 
--SBI Apr-Jun cumulative yield on domestic advances 8.20% vs 8.50% qtr ago 
--SBI Q1 domestic cumulative cost of deposits 4.85% vs 5.04% qtr ago 
--SBI Q1 fresh slippages INR 70.46 bln vs INR 79.45 bln yr ago 
--SBI Q1 recoveries, upgrades INR 35.74 bln vs INR 32.53 bln yr ago 
--SBI: Jun 30 Special Mention Accounts-1, 2 at INR 41.74 bln vs INR 50.25 bln
 

 

By Pratiksha

 

MUMBAI – State Bank of India's net profit for the June quarter beat analysts' expectations primarily because of a healthy growth in net interest income. However, a rise in provisions ate into the lender's bottom line. 

 

The country's largest lender reported a net profit of INR 211.21 billion for the June quarter, up over 10% on year and over 7% on quarter. Analysts had estimated the bank's net profit at INR 189.91 billion. The state-owned lender reported an on-year rise in net profit for the fifth consecutive quarter. 

 

Shares of the bank rose over 3?ter the release of the financial results. At 1515 IST, the stock was up over 1% at INR 1,097 on the National Stock Exchange. It was flat before the results were detailed. 

 

The public-sector bank's net interest income rose almost 15% on year and 6% on quarter to INR 469.92 billion in the June quarter. Net interest income was higher than analysts' expectation of INR 455.91 billion for the quarter under review.

 

The bank's total income rose over 6% on year to INR 1.44 trillion on the back of the biggest rise in interest income in six quarters. Interest income rose over 8% on year to INR 1.28 trillion. Other income, however, declined for the second consecutive quarter, falling over 9% on year to INR 159.23 billion. The lender's treasury income fell almost 31% on year to INR 55.92 billion in the June quarter. However, it jumped a whopping 344% sequentially. 

 

Total expenses rose over 5% on year to INR 1.10 trillion in the June quarter, led by increase in interest expenses. Operating expenses rose over 5% on year to INR 293.86 billion. It fell over 13% on quarter. 

 

State Bank of India's provisions were up over 6% on year at INR 50.47 billion. It rose almost 76% on quarter. However, non-performing asset provisions declined to INR 33.59 billion in the June quarter from INR 49.34 billion a year ago. The provision coverage ratio was 74.20% as on Jun. 30, down from 74.49% a year ago.

 

 

The state-owned bank's asset quality improved in the June quarter. The gross NPA ratio fell to 1.47% as on Jun. 30 from 1.49% a quarter ago and 1.83% a year ago. The net NPA ratio was 0.38% as on Jun. 30, down from 0.39% quarter ago and 0.47% a year ago. The Basel-III capital adequacy ratio was 15.67% as on Jun. 30, down from 15.40% a quarter ago. 

 

The bank recognised fresh slippages of INR 70.46 billion in the June quarter, lower than INR 79.45 billion a year ago. Recoveries and upgrades increased to INR 35.74 billion from INR 32.53 billion in the year-ago quarter. Special Mention Accounts-1 and 2 fell to INR 41.74 billion as on Jun. 30 from INR 50.25 billion a year ago. However, it rose from INR 33.50 billion a quarter ago. Credit cost eased to 0.27% in the June quarter from 0.37% in the March quarter. Credit cost was 0.47% a year ago.

 

The bank's domestic net interest margin improved 7 basis points on quarter to 3.0% in the June quarter. The domestic NIM was 3.01% a year ago. 

 

The lender reported a robust growth in advances, which also supported the bottom line. Gross advances were up almost 19% on year at INR 50.47 trillion as on Jun. 30. Of the total domestic loan book, agricultral advances posted the biggest on year growth--up over 25%--to INR 4.37 trillion. Domestic small and medium enterprises loans rose over 22% on year to INR 6.46 trillion while retail loans grew over 15% on year to INR 17.73 trillion, holding the majority portion of the total book. Domestic corporate loans grew over 18% on year to INR 14.21 trillion as on Jun. 30. 

 

The bank's total deposits rose almost 10% on year to INR 60.06 trillion as on Jun. 30. Current account savings account deposits grew over 9% on year to INR 22.61 trillion. The CASA ratio was 39.24% as of Jun. 30, lower than 39.46% a quarter ago and 39.36% a year ago. The bank's domestic cost of deposits was 4.85% in Apr-Jun, lower than 5.04% a quarter ago. End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.