State Bank of India Q2 FY27 Results Explained
In Q2 FY27 (July–September 2026), State Bank of India reported a net profit of ₹23,038 crore, up 14.3% from a year earlier. Gross NPA was 1.39% of loans (#4 of 12 PSU banks, lowest first), CASA ratio 38.3%, net interest margin 2.94% and capital adequacy 16.09%. On BankersClub's PSU Bank Scorecard it ranks #9 of 12 overall this quarter.
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SBI report card, Q2 FY27
Graded against the other 11 public sector banks this quarter.
Key numbers
| Measure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 | PSU median |
|---|---|---|---|---|
| Business growth (YoY) | 14.7% | – | #9 | 16.6% |
| CASA ratio | 38.3% | down 131 bps | #5 | 36.8% |
| Net interest margin | 2.94% | down 2 bps | #6 | 2.97% |
| Cost-to-income | 49.8% | up 54 bps | #8 | 47.9% |
| Return on assets | 1.19% | up 2 bps | #6 | 1.12% |
| Gross NPA | 1.39% | down 33 bps | #4 | 1.69% |
| Net NPA | 0.36% | down 6 bps | #8 | 0.30% |
| Provision coverage (excl. TWO) | 74.4% | down 136 bps | #9 | 82.9% |
| Capital adequacy (CRAR) | 16.09% | up 147 bps | #12 | 17.73% |
| Credit cost | 0.32% | down 16 bps | #4 | 0.55% |
| Business per employee | ₹42.4 crore | – | #2 | ₹34.4 crore |
| Profit per employee | ₹37.7 lakh | – | #2 | ₹25.3 lakh |
Size of the bank
| Figure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 |
|---|---|---|---|
| Total business | ₹114.86 lakh crore | up 14.7% | #1 |
| Deposits | ₹62.78 lakh crore | up 12.3% | #1 |
| Advances | ₹52.08 lakh crore | up 17.8% | #1 |
| Gross NPA amount | ₹72,529 crore | down 4.9% | #12 |
| Operating profit | ₹34,226 crore | up 7.3% | #1 |
| Net profit | ₹23,038 crore | up 14.3% | #1 |
The quarter at a glance
What went right
- Capital adequacy (CRAR) up 147 bps from a year ago to 16.09%, now #12 of 12.
- Gross NPA down 33 bps from a year ago to 1.39%, now #4 of 12.
- Net NPA down 6 bps from a year ago to 0.36%, now #8 of 12.
What went wrong
- CASA ratio down 131 bps from a year ago to 38.3%, now #5 of 12.
- Provision coverage (excl. TWO) down 136 bps from a year ago to 74.4%, now #9 of 12.
Loan book and deposits
Bar = share of advances or deposits. Growth is against Q2 FY26. Advances are domestic; shares are of the sum of segments. Banks report segments slightly differently; see the methodology.
Quarter by quarter
| Measure | Q2 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Net profit | ₹20,160 crore | ₹21,121 crore | ₹23,038 crore |
| Operating profit | ₹31,904 crore | ₹33,529 crore | ₹34,226 crore |
| Gross NPA | 1.73% | – | 1.39% |
| Net NPA | 0.42% | – | 0.36% |
| Net interest margin | 2.96% | 2.86% | 2.94% |
| Return on assets | 1.17% | 1.11% | 1.19% |
| CASA ratio | 39.6% | – | 38.3% |
| Capital adequacy (CRAR) | 14.62% | 15.67% | 16.09% |
| Cost-to-income | 49.3% | 46.7% | 49.8% |
Compare with similar-sized banks
- Bank of Baroda (#5 overall)
- Punjab National Bank (#11 overall)
- Canara Bank (#7 overall)
- Union Bank of India (#10 overall)
Source and method
Standalone figures from State Bank of India’s own Q2 FY27 filing (SBI analyst presentation Q2FY27 (03.11.2026)), checked against the bank’s reported ratios. Ratios are recalculated the same way for all 12 banks where the filing allows. How the scorecard works. Not investment advice.
Last updated 12 November 2026.
Frequently asked questions
What was State Bank of India's net profit in Q2 FY27?
State Bank of India reported a standalone net profit of ₹23,038 crore in Q2 FY27 (July–September 2026), up 14.3% from Q2 FY26.
What is State Bank of India's gross NPA ratio?
Gross NPA was 1.39% of loans at the end of Q2 FY27, ranking #4 of 12 public sector banks (lowest first). Net NPA was 0.36%.
How does State Bank of India rank among public sector banks?
On BankersClub's PSU Bank Scorecard, State Bank of India ranks #9 of 12 overall in Q2 FY27, based on growth, return on assets, gross NPA, capital adequacy, CASA ratio and cost-to-income.
What is State Bank of India's CASA ratio?
State Bank of India's CASA ratio was 38.3% in Q2 FY27, #5 of 12 public sector banks.
Where does this data come from?
From State Bank of India's own Q2 FY27 results filing, using standalone figures. Every ratio is recalculated the same way for all 12 public sector banks where the filing allows.