Highlights
· Highest-ever quarterly net profit of ₹21,121 crore, up 10.23% YoY.
· Operating profit increased 9.77% YoY to ₹33,529 crore.
· Net Interest Income (NII) increased 14.88% YoY to ₹46,992 crore.
· Domestic NIM at 3.00% in Q1FY27, improved by 7 bps over Q4FY26.
Whole Bank NIM at 2.86% in Q1FY27, improved by 5 bps over Q4FY26.
· Total business crossed ₹110 lakh crore, with deposits exceeding ₹60 lakh crore and advances crossing ₹50 lakh crore.
· Whole Bank Advances growth at 18.63% YoY with Domestic Advances growth at 18.15% YoY. Retail, Agriculture and SME (RAM) segments remained key growth drivers. RAM Advances grew by 18.20% YoY, with double digit growth in all segments. Retail, Agriculture, SME and Corporate all segments continue to record strong double-digit growth.
· On YoY basis, Agri Advances grew by 25.43%, followed by SME Advances growth of 22.33% and Retail Personal Advances growth of 15.15%.
· Corporate Advances registered YoY growth of 18.05%. Foreign Offices’ Advances grew by 21.38% YoY in rupee terms and 9.97% in dollar terms.
· Whole Bank Deposits grew by 9.73% YoY. Retail Term Deposits registered YoY growth of 14.39%. CASA Deposit grew by 9.30% YoY. CASA ratio stands at 39.24% as on 30th June 2026.
· Provision Coverage Ratio (PCR) stands at 74.20%.
· Gross NPA ratio improved to 1.47% and Net NPA ratio improved to 0.38%, at its lowest in over 2 decades.
· Slippage Ratio for Q1FY27 improved by 18 bps YoY and stands at 0.57%.
· Credit Cost for Q1FY27 stands at 0.27%.
· Capital Adequacy Ratio (CAR) stood at 15.67% improving by 104 bps YoY.
· ROA and ROE for Q1FY27 stood at 1.11% and 17.87%, respectively.
Mumbai | State Bank of India (SBI), nation’s largest Bank has announced its Q1FY27 results today.
Commenting on the Bank’s performance, Shri C.S. Setty, Chairman, State Bank of India, said: “At SBI, our strategic direction continues to be guided by a simple philosophy - Digital First, Customer First and Nation Always. During the quarter, we continued to simplify banking by expanding our flagship Operations Process Re-engineering project, SARAL, with the objective of making customer journeys faster, simpler and more convenient. We also introduced YONO Ji, an Agentic AI-powered virtual assistant on YONO Business, to provide our commercial clientele with round-the-clock support. We have extended our Business Rule Engine, MSME Dream, to cover SME loans up to ₹10 crore, enabling faster and more consistent credit decisions without compromising underwriting standards.
Technology is also strengthening our risk management framework. Through PRISM, our predictive stress monitoring platform, we are leveraging internal and external sources to identify early signs of stress in borrower accounts. This initiative also enhances our preparedness for the implementation of the proposed Expected Credit Loss framework. SBI is building not only for the next quarter, but for the next decade.
Our subsidiaries have also continued to perform strongly and remain leaders in their respective sectors. During the quarter, the successful listing of SBI Funds Management Limited marked an important milestone for the SBI Group and reinforced the value that our subsidiary businesses continue to create for all stakeholders.
As we progress towards our 75th anniversary in 2030, our focus is on creating the SBI of the future.”
Performance
The Bank has reported its highest ever quarterly net profit of ₹21,121 crore. The profit after tax is up by 10.23% year-on-year, driven by higher operating profit and lower credit costs at 0.27%. Operating profit for the quarter rose 9.77% YoY to ₹33,529 crore, while Net Interest Income grew 14.88% YoY to ₹46,992 crore. The Bank maintained healthy profitability metrics, with ROA at 1.11% and ROE at 17.87% for Q1FY27. The Bank showed its resilience in margins, with Domestic NIM at 3.00% for the quarter improving by 7 bps over Q4FY26. Whole Bank NIM at 2.86% in Q1FY27, improving by 5 bps over Q4FY26.
The Bank has achieved another important milestone with total business crossing ₹110 lakh crores, supported by strong and broad-based YoY growth of 18.63% in advances and 9.73% in deposits. SBI’s deposit franchise remained strong and diversified, with CASA deposits registering growth of 9.30% YoY. The Bank maintained a healthy CASA ratio of 39.24% despite an intensely competitive environment. Retail Term Deposits continued to gain traction, growing by 14.39% YoY.
The Bank’s asset quality continues to remain among the best in the industry, with non-performing assets at their lowest level in more than two decades. Gross and net NPA ratio improved further during the quarter to 1.47% and 0.38%, respectively. Gross NPA ratio improved by 36 basis points YoY while Net NPA ratio improved by 9 basis points YoY to 0.38%. Credit costs remained benign at 0.27%, supported by strong recoveries and robust underwriting practices.
The Bank remains well capitalized with capital adequacy ratio improving to 15.67%, up by 104 bps YoY, which is well above the regulatory minimum requirements.
SBI continued to strengthen its digital leadership through YONO and its alternate delivery channels, delivering greater convenience and deeper customer engagement. More than 64% of savings bank accounts were opened digitally through YONO during the quarter. Alternate channels accounted for 98.8% of total transactions in Q1FY27 compared with 98.6% in the corresponding period last year. The Bank highlighted that YONO has over 10.5 crore registered users, while registrations on the newly launched YONO platform crossed 5 crores within six months of launch, reflecting strong customer adoption.
