State Bank of India Posts Strong Q1FY27 Results: Net Profit Rises 7.30%

State Bank of India Posts Strong Q1FY27 Results: Net Profit Rises 7.30%​

State Bank of India (SBI) reported a strong performance for the quarter ended June 30, 2026, with net profit reaching ₹ 21,121 Cr and operating profit climbing to ₹ 33,529 Cr. The bank maintained solid financial metrics, driven by robust advances growth and disciplined asset quality management, as detailed in its Q1FY27 analyst presentation.

Key Financial Highlights​

The Q1FY27 results reflect stability and increasing efficiency across the bank’s operations. SBI achieved a Net Interest Margin (NIM) of 2.86% for the whole bank, while the Domestic NIM stood at 3.00%, marking an improvement of 7 basis points (bps) over Q4FY26. Return on Assets (RoA) was recorded at 1.11%, and Return on Equity (ROE) stood at 17.87%.

The bank's financial health indicators showed steady momentum:

Asset Quality and Credit Growth​

SBI demonstrated a decline in bad assets, underscoring the high quality of its lending book. The Gross Non-Performing Assets (NPA) ratio decreased by 36 bps year-over-year (YoY) to 1.47%. The Net NPA ratio improved by 9 bps, settling at 0.38%.

The bank's credit portfolio saw significant expansion:


In the international banking segment, gross advances grew by 21.38% YoY (in Crores), and the Gross NPA ratio also showed a declining trend. Domestic Advances reached ₹ 42,76,648 Cr, achieving an 18.15% growth. Within Retail Personal Banking, Home Loans O/S stood at 9,59,369 Cr, with a 12.75% YoY growth in this category.

Digital Leadership and Customer Engagement​

SBI continues to accelerate its digital agenda, recording 98.8% of transactions through alternate channels. The bank has accumulated 10.5 Cr registered customers on YONO.

The shift toward digital platforms is evident across market share data:

• Debit card spends saw a 27% YoY increase in Q1FY27 (from 16.6% in Q1FY26).
• Mobile Banking transaction value grew by 25.32%.

Group and Subsidiary Performance​

The bank's subsidiaries continued to deliver strong performance, leveraging synergies across the group. Key financial metrics for listed subsidiaries included:


Regarding SBIMF, the bank noted that it holds a quarterly Average AUM of ₹ 12.61 Lakh Crore with a market share of 15.12%, making it among the top players in the mutual fund market since Q4FY20.

Regional Rural Banks (RRBs) Performance​

The RRB segment, sponsored by SBI, showed impressive growth and stability:

• Net Profit from RRBs grew by 49.99% YoY, reaching ₹ 1,173 crores.
• ROA improved by 23 bps YoY to 2.29%.
• RRB deposits reached ₹ 1,48,806 crores, marking an 8.85% increase YoY.

SBIN Stock Price Movement​

State Bank of India shares climbed significantly today in post-market trading, settling at ₹1114.60 after gaining 2.73%. The stock recorded substantial activity, with a total traded volume amounting to 17.37 million shares.