State Bank of India (SBI) has reported a net profit of Rs 20,159.67 crore in Q2 FY26, up 9.97% year-on-year (YoY), from Rs 18,331.44 crore. Net Interest Income (NII) stood rose 3.3% year-on-year to Rs 42,985 crore from Rs 41,620 crore in Q2FY25.
Interest earned improved to Rs 1,19,653.93 crore from Rs 1,13,870.56 crore in a year ago period. The country’s biggest lender’s total income increased to Rs 1,34,979 crore in Q2FY26, from Rs 1,29,141 crore in Q2FY25.
Key highlights from Q2FY26
The PSU bank divested 13.18% of its equity holding in Yes Bank on 17 September at Rs 21.50 per share, generating a profit of Rs 4,593.22 crore. The bank had also divested entire 14.96% stake in Jio Payments Bank to Jio Financial Services for Rs 13.22 per share.
The bank’s asset quality improved, with gross non-performing assets (NPAs) declining to 1.73% of gross advances as on September 30, from 2.13% a year ago. Similarly, net NPAs or bad loans also declined to 0.42% of the advances, from 0.53% in the year-ago period.
On a consolidated basis, SBI Group reported a 7% increase at Rs 21,137 crore in Q2 FY26, as against Rs 19,743 crore in Q2FY25. The total income of the SBI group rose to Rs 1,75,898 crore in the second quarter, compared to Rs 1,63,802 crore in the year-ago period.