The second quarter, which ended on September 30, 2025, the State Bank of India reported a 10% year-on-year (YOY) rise in net profit to ₹20,160 crore, driven by profits from the YES Bank stake sale and improved asset quality. Recently, the bank sold a 13.18% stake in YES Bank, generating a profit of ₹4,593 crore, which significantly increased its net profit. Additionally, Net Interest Income (NII) for the quarter improved by 3.28% YoY.
SBI’s Domestic Net Interest Margin (NIM) for Q2FY26 is lower at 3.09% from 3.27% a year ago. While the bank advances noticed a growth of 12.73% YoY, deposits rose 9.27%. During the quarter, the bank’s retail advances rose by 15.09%, driven by Small and Medium-sized Enterprises Advances, which grew by 18.78%, followed by agri advances at 14.23%, and Retail Personal Advances increased by 14.09%.
Corporate advances reported a growth of 7.10% YoY. The bank’s gross Non Performing Assets (NPA) ratio at 1.73% increased by 40 basis points YoY. Net NPA ratio at 0.42% grew by 11 basis points YoY. The GNPA was low at 8.53% YoY to ₹76,243 crore. NNPA was down 9% YoY to ₹18,460 crore.
Provision Coverage Ratio (PCR) increased by 13 basis points Y0Y at 75.79%, while PCR including Asset Additional Unsecured Credit Allowance (AUCA) grew by eight basis points and stands at 9.29%, the bank said. Slippage Ratio for Q2FY26 grew by six basis points YoY and stood at 0.45%.
Last year, Q4, the State Bank of India (SBI) suffered a substantial loss of ₹44935 crore in its market valuation. SBI has faced pressure from weak trends, resulting in this huge loss.
