SBI Reports 14.3% Net Profit Growth to ₹23,038 Crore in Q2 FY27
State Bank of India has announced its financial results for the second quarter of FY27, reporting a standalone net profit of ₹23,038 crore. This represents a year-on-year growth of 14.3% compared to ₹20,160 crore recorded in the corresponding quarter of the previous fiscal year.
What happened
State Bank of India (SBI), India's largest public sector commercial bank, submitted its financial performance for the second quarter ended September 30, 2026 (Q2 FY27) to the stock exchanges. The bank registered a standalone net profit of ₹23,038 crore, marking a 14.3% increase from ₹20,160 crore reported in Q2 FY26. On a sequential basis, the standalone net profit grew by 9.1% compared to ₹21,121 crore in Q1 FY27. For the first half of FY27 (H1 FY27), the standalone net profit stood at ₹44,159 crore, reflecting a 12.31% increase year-on-year.
The financial results were supported by strong growth in Net Interest Income (NII), which rose 14.7% year-on-year to ₹49,143 crore from ₹42,847 crore in Q2 FY26. Standalone total income for the quarter climbed to ₹1,43,796 crore. Additionally, the bank recorded an exceptional one-time pre-tax gain of ₹7,288 crore stemming from the sale of a 6.30% stake in its subsidiary, SBI Funds Management. Asset quality witnessed an improvement, with the Gross Non-Performing Asset (GNPA) ratio declining to 1.39% and the Net NPA ratio dropping to 0.36% as of September 30, 2026.
Important dates
| Financial Results Submission Date for Q2 FY27 | 3 November 2026 |
|---|---|
| End of Quarter 2 (Q2 FY27) | 30 September 2026 |
📌 Static GK links
- State Bank of India (SBI) is headquartered in Mumbai, Maharashtra.
- SBI traces its origins back to the Bank of Calcutta founded in 1806, later evolving into the Imperial Bank of India before being nationalized under the State Bank of India Act, 1955.
What candidates should do
- Aspirants should note exact financial figures like net profit, NII, GNPA, and NNPA ratios for objective questions in upcoming banking examinations.
- Revise key banking terms such as Net Interest Income, Gross NPA, Net NPA, and Capital Adequacy Ratio in the context of public sector bank balance sheets.
PrepZen analysis
SBI's robust financial performance in Q2 FY27 highlights the resilience of India's banking sector, driven by strong credit expansion across retail, agricultural, and corporate segments. The improvement in asset quality to a multi-year low Gross NPA ratio of 1.39% reflects prudent risk management and lower provisioning requirements. For banking aspirants, questions from these results typically focus on exact financial metrics, ratios, and headquarters details during interviews and objective tests.
Practice questions
Q1. What was the standalone net profit of State Bank of India (SBI) for the second quarter of FY27 (Q2 FY27)?
Q2. What was the Gross Non-Performing Asset (GNPA) ratio of SBI as of September 30, 2026?
Q3. What was the Net Interest Income (NII) of SBI on a standalone basis for Q2 FY27?
Standalone net profit: ₹23,038 crore for Q2 FY27.
Compared to ₹20,160 crore a year earlier.
🎯 Key Point: SBI records 14.3% net profit growth to ₹23,038 crore in Q2 FY27.
FAQs
What is the standalone net profit of SBI in Q2 FY27?
SBI reported a standalone net profit of ₹23,038 crore for Q2 FY27, representing a 14.3% year-on-year increase.
What was SBI's Net Interest Income for Q2 FY27?
The standalone Net Interest Income (NII) for Q2 FY27 stood at ₹49,143 crore.
How did SBI's asset quality perform in Q2 FY27?
SBI's asset quality improved significantly, with the Gross NPA ratio dropping to 1.39% and the Net NPA ratio declining to 0.36% as of September 30, 2026.
What was the total deposit base of SBI at the end of Q2 FY27?
SBI's total deposits grew by 12.27% year-on-year to reach ₹62,77,919 crore.
Sources and references
- hdfcsky.com (hdfcsky.com)
- alphave.in (www.alphave.in)
- tradingview.com (www.tradingview.com)
- thehindu.com (www.thehindu.com)
Prepared by PrepZen for exam preparation. Consult the linked sources for original announcements and current details. Corrections policy. Spotted an error? Write to prepzen.app@gmail.com.
Practice Quiz — 4 November 2026
Q1. Who has been appointed as the Interim Chief Executive Officer (CEO) of Equitas Small Finance Bank?
Q2. Which businesses of Deutsche Bank AG in India has Kotak Mahindra Bank acquired with CCI approval?
Q3. What was the standalone net profit reported by State Bank of India for the quarter ended 30 September 2026 (Q2 FY27)?
Q4. In which year were the three Presidency Banks (Bengal, Bombay, and Madras) merged to form the Imperial Bank of India?
Q5. India's first Road Safety Research and Training Centre is set to be developed in which district of Maharashtra?
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