State Bank of India · NSE:SBIN
State Bank of India — Q2 FY27 Earnings Presentation
47 slides from State Bank of India's earnings presentation, Nov 3, 2026
Slide 1: Exchange filing cover letter
The Listing Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroje Jeejeebhoy Towers, Exchange Plaza, 5th Floor, C / 1, ‘G’ Block, 25th Floor, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051 BSE SCRIP Code: 500112 NSE SCR
Slide 2: Quarterly Results Q2FY27 Analyst Presentation
Quarterly Results Q2FY27 AN A LY S T P R E S E N TAT I O N 03.11.2026
Slide 3: Safe Harbor
Safe Harbor Certain statements in these slides are forward-looking statements. These statements are based on Management's current expectations and are subject to uncertainty and changes in circumstances. Actual outcomes may differ materially from those included in these statements due to a variety o
Slide 4: Table of Contents
Table of Contents Executive Performance Financial Capital Summary Highlights Performance Adequacy 07-17 18-24 25-26 04-06 04-06 07-17 18-24 25-26 Subsidiaries, Group Asset Digital Banking with a Financials & Quality Journey Purpose Balance Sheet 27-30 31-34 35-38 39-45 27-30 31-34 35-38 39-45 3
Slide 5: Executive Summary
Executive Summary
Slide 6: SBI delivers Strong & Sustainable Performance
SBI delivers Strong & Sustainable Performance As on Sep 26 Profitability (Q2FY27) Business Growth Asset Quality ₹23,038 Cr 14.28% YoY Net Profit Gross Advances Deposits ₹52 Trillion ₹63 Trillion 1.39% 0.36% ₹34,226 Cr 7.28% YoY Gross NPA Net NPA Operating Profit 17.84% YoY 12.27% YoY 1.14% 18.68% Yo
Slide 7: Strong Foundations, Building a Future-Ready SBI
Strong Foundations, Building a Future-Ready SBI Balance Sheet Size (₹ Trillion) Domestic CD Ratio (%) Digital Leadership 74.23 78.88 76.62 73.02 69.87 69.82 98.9% No. 1 transactions in Debit card through alternate spends, ATMs, channels value & no. of Sep 25 Jun 26 Sep 26 Sep 25 Jun 26 Sep 26 Mobile
Slide 8: Performance Highlights
Performance Highlights
Slide 9: Key indicators
Key indicators Quarter Ended YoY ₹ in Crores Q2FY26 Q2FY27 Growth Net Interest Income 42,847 49,143 14.69% CASA 8.13% YoY RAM 17.34% YoY Deposits Advances Net Interest Margin – Whole Bank (%) 2.96 2.94 -2 bps 22,96,883 Profit & 21,24,266 29,37,856 Loss Net Interest Margin – Domestic (%) 3.08 3.11 3
Slide 10: Credit growth
Credit growth ₹ in Crores Segment Sep 25 Sep 26 YoY Share of Domestic Advances as on Sep 26 Growth (%) Retail Personal 15,93,360 18,25,083 14.54 Per, 41.70% Agri 3,68,112 4,51,438 22.64 42.50 Retail Per Corporate, 32.88% SME 5,42,222 6,61,335 21.97 Corporate 12,39,346 14,39,156 16.12 Agri, 10.31% 9.
Slide 11: Credit growth - Retail Personal Banking
Credit growth - Retail Personal Banking As on Sep 2026 Retail Personal Portfolio of 3 - year CAGR at Sep 26 Leadership across all segments ~₹ 18.3 lakh crore ~ 14% ~ 41.7% of Dom. Adv. O/S, ₹ in crores YoY Growth, % GNPA, % Composition of Retail Personal Advances (in%) Home Loans 9,85,537 11.94 0.57
Slide 12: Credit growth - Diversified Loan Portfolio
Performance Financial Capital Adequacy Digital Banking with a Credit growth - Diversified Loan Portfolio Highlights Performance & Asset Quality Journey Purpose Diversified and well distributed across sectors High quality asset book (₹ in Crores) Outstanding as on 30th Sep 26 Fund Based O/S Corporate
Slide 13: Credit growth – International Banking
Performance Financial Capital Adequacy Digital Banking with a Credit growth – International Banking Highlights Performance & Asset Quality Journey Purpose Gross Advances: 22.86% YoY growth Break up of Loan Portfolio (%) ₹ in Crores Highlights: 8,31,332 7,70,574 • Consistent Quarter on Quarter growth
Slide 14: Deposit growth
Deposit growth ₹ in Crores YoY Growth Particulars Sep 25 Sep 26 (%) Share of Domestic Deposits as on Sep 26 Current Account Deposits (CA) 3,28,230 3,43,208 4.56 Saving Bank Deposits (SA) 17,96,036 19,53,675 8.78 SA, 32.59% CASA Deposits 21,24,266 22,96,883 8.13 TD, 61.68% Term Deposits (TD) 32,36,36
Slide 15: Margins, Yield & Cost (Cumulative)
Margins, Yield & Cost (Cumulative) Net Interest Margins (%) Yield on Investments (%) Domestic 3.04 3.06 3.03 3.00 3.06 7.08 7.04 Whole Bank 7.01 2.92 2.94 2.91 2.90 6.93 6.90 2.86 Domestic Foreign Offices 1.99 1.97 1.93 1.74 1.72 Sep 25 Dec 25 Mar 26 Jun 26 Sep 26 Sep 25 Dec 25 Mar 26 Jun 26 Sep 26
Slide 16: Non-interest income
Non-interest income ₹ in Crores Key Components of Fee Income Fee Income Loan Processing Commission on CVE Income Commission on Charges Government Business LC / BG 9,549 2,343 8,711 1,712 1,339 1,389 1,256 1,133 854 909 9.63% 36.92% 18.19% 10.58% 6.42% Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26
Slide 17: Treasury Operations
Performance Financial Capital Adequacy Digital Banking with a Highlights Treasury Operations Performance & Asset Quality Journey Purpose ₹ in Crores Break up of Domestic Yield on Investments (%) Investments as on Sep 26 (%) Gross Investment Book Sep 25 Sep 26 7.08 6.90 9.49 0.95 0.67 Domestic Invest
Slide 18: Operating expenses
Operating expenses Focus continues on improving income streams with control on costs Operating Expenses Cost to Income Ratio (%) H1FY26 (%) H1FY27 (%) 54.00 48.94 48.53 48.33 43.1 45.0 49.00 44.00 39.00 15.2 13.9 34.00 29.00 41.7 41.1 24.00 H1FY25 H1FY26 H1FY27 Overheads to Operating Income (%) Staf
Slide 19: Financial Performance
Financial Performance
Slide 20: Financials – at a glance
Financials – at a glance For the Quarter For the Half Year Growth (%) Particulars (₹ in Crores) Q2FY27 Q2FY27 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 over over over Q1FY27 Q2FY26 H1FY26 Interest Income 1,19,517 1,27,896 1,32,019 2,37,347 2,59,915 3.22 10.46 9.51 Interest Expenses 76,670 80,904 82,
Slide 21: Total income
Total income For the Quarter For the Half Year Growth (%) Particulars (₹ in Crores) Q2FY27 Q2FY27 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 over over over Q1FY27 Q2FY26 H1FY26 Interest on Loans 86,183 94,011 97,464 1,71,621 1,91,476 3.67 13.09 11.57 Interest on Resources 29,972 30,922 31,813 59,569
Slide 22: Fee income break up
Fee income break up For the Quarter For the Half Year Growth (%) Particulars (₹ in Crores) Q2FY27 Q2FY27 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 over over over Q1FY27 Q2FY26 H1FY26 Loan Processing Charges 1,712 2,114 2,343 3,037 4,458 10.84 36.92 46.78 Commission on Govt. Business 1,133 1,578 1,33
Slide 23: Total expenses
Total expenses For the Quarter For the Half Year Growth (%) Particulars (₹ in Crores) Q2FY27 Q2FY27 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 over over over Q1FY27 Q2FY26 H1FY26 Interest on Deposits 68,946 71,119 73,528 1,37,982 1,44,648 3.39 6.65 4.83 Interest on Borrowings 4,286 6,442 6,021 8,763
Slide 24: Overheads
Overheads For the Quarter For the Half Year Growth (%) Particulars (₹ in Crores) Q2FY27 Q2FY27 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 over over over Q1FY27 Q2FY26 H1FY26 Rent, Taxes & Lighting 1,663 1,470 1,872 3,052 3,342 27.29 12.54 9.50 Depreciation 1,078 1,189 1,271 2,037 2,460 6.89 17.97 20.
Slide 25: Provisions & profit
Provisions & profit For the Quarter For the Half Year Growth (%) Particulars (₹ in Crores) Q2FY27 Q2FY27 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 over over over Q1FY27 Q2FY26 H1FY26 Operating Profit 31,904 33,529 34,226 62,449 67,755 2.08 7.28 8.50 Loan Loss 4,132 3,359 2,759 9,066 6,118 -17.86 -33
Slide 26: Capital Adequacy
Capital Adequacy
Slide 27: Strong Capital Buffers
Strong Capital Buffers Capital Ratios (%) RWAs to Total Assets (%) 16.09 15.67 CRAR 14.62 1.75 1.77 52.81 52.56 52.09 1.95 1.00 1.01 1.20 12.30 Sep 25 Jun 26 Sep 26 8.80 12.89 13.34 Credit Risk Weighted Assets on Advances to Gross Advances (%) 11.47 55.99 53.33 52.11 Sep 25 Jun 26 Sep 26 CET-1 AT-1
Slide 28: Asset Quality
Asset Quality
Slide 29: Asset quality (1/3)
Asset quality (1/3) Cumulative for the Period (%) Gross NPA (₹ Crores) Gross NPA Ratio Net NPA (₹ Crores) Net NPA Ratio Slippage Ratio 1.80 1.73 82,000 0.45 25,000 0.42 24,000 1.70 80,000 0.39 0.39 0.38 0.60 1.60 1.57 0.40 23,000 1.49 0.36 0.57 22,000 1.50 1.47 78,000 76,243 0.35 21,000 1.39 0.54 0.
Slide 30: Asset quality (2/3)
Asset quality (2/3) ₹ in Crores Movement of NPAs: Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 Opening Level of Gross NPAs 78,040 76,243 73,637 76,880 73,452 74,272 Total Reductions 6,794 7,466 5,732 27,232 6,539 7,120 of which : Recovery + Upgradation 2,279 2,371 1,526 9,429 3,574 3,235 Gross Addition 4
Slide 31: Asset quality (3/3)
Asset quality (3/3) ₹ in Crores Slippages SMA 1 & SMA 2 Accounts with exposure above ₹ 5 crores: CRILC data SMA1 SMA2 12,699 12,273 4,801 4,174 3,870 3,762 1,536 3,350 7,046 1,687 1,666 5,521 932 5,227 1,992 4,754 4,458 3,265 2,417 2,487 2,204 1,769 H1FY26 H1FY27 Sep 25 Dec 25 Mar 26 Jun 26 Sep 26 S
Slide 32: Digital Journey
Digital Journey
Slide 33: Accelerating digital agenda (1/2)
Accelerating digital agenda (1/2) Increasing digital adoption(%) Digital Leadership across channels 1% 1% 1% 1% 4% 3% Market share across channels (as per latest available data) Digital* Sep 25 Sep 26 ATM & CDM BC Channel 98.9% 24.13% 31.09% 28.40% 22.23% Branch Share of Alternate Channels Debit car
Slide 34: Accelerating digital agenda (2/2)
Accelerating digital agenda (2/2) YONO: Driving digital agenda of the Bank (All data for Q2FY27) YONO Registration (# Lakh) 1.84 Cr (Numbers) 59.63 L 59.63 YONO Registration Whatsapp Banking Registration ~66 K 0.81 L 9.72 Cr 95% Daily Average YONO Digital Loans Disbursed Fund Transfer Registrations
Slide 35: Analytics, AI & ML
Analytics, AI & ML Advances Through Analytical Leads (₹ in Crores) AI Initiative undertaken 1,80,518 29.40 % YoY Growth 1,37,357 1,24,268 1,04,139 96,214 Project SARAL: Collections Models 65,912 74,355 AI/ML-based collection models rolled out to predict early delinquency and generate standardized ac
Slide 36: Banking with a Purpose
Banking with a Purpose
Slide 37: Financial Inclusion
Financial Inclusion No. of BC outlets Transactions in BC Channel Deposits in FI Accounts Market Leader Social Security Schemes (Share in %) (As on 30th Sep 2026) 1,40,000 47.72 48.02 80 4,874 5,200 79,905 No. of Total Market Share Market Share among PSBs 78,993 3,60,000 1,20,000 4,337 Transactions 4
Slide 38: Sustainability Highlights
Sustainability Highlights As on Sep 2026 Financial Capital Natural Capital Social Capital Human Capital ₹ 2,25,107 crores ₹ 23,038 crores Limits sanctioned for Sustainable Finance ₹ 372 crores 2,47,254 Net Profit in Q2FY27 activities (of which ₹ 1,78,948 crores for CSR Spend during Q2FY27 Total work
Slide 39: Contributing to Society
Contributing to Society Status of CSR activities as on 30.09.2026 CSR Budget utilization up to 30.09.2026 Major CSR Initiatives during Q2FY27 ₹ in Crores Entity Budget for FY27 Utilization • Tree Plantation activities have been undertaken across the country Circles 215.00 95.00 resulting in 4,52,979
Slide 40: Subsidiaries, Group Financials & Balance Sheet
Subsidiaries, Group Financials & Balance Sheet
Slide 41: SBI and its subsidiaries – leveraging synergies (1/3)
SBI and its subsidiaries – leveraging synergies (1/3) As on Sep 2026 Listed Subsidiaries Subsidiaries - listed SBI Stake (in %) H1FY27 - PAT (₹ in Crores) H1FY27 - RoE (in %) SBI Card 68.58 1,442 17.50 SBI Life 55.31 1,274 12.87 SBI Funds Management 55.56 1,566 46.81 Key Unlisted Subsidiaries Subsid
Slide 42: SBI and its subsidiaries – leveraging synergies (2/3)
SBI and its subsidiaries – leveraging synergies (2/3) As on Sep 2026 ₹ in Crores H1FY26 H1FY27 H1FY26 H1FY27 PAT (₹ in Crores) 1,089 1,274 PAT (₹ in Crores) * 1,001 1,442 ROE (in %) 12.4 12.9 ROE (in %) 13.9 17.5 *As per Ind AS, without OCI Individual Rated Gross Written Value of New CIF (In Lakhs)
Slide 43: SBI and its subsidiaries – leveraging synergies (3/3)
SBI and its subsidiaries – leveraging synergies (3/3) As on Sep 2026 ₹ in Crores H1FY26 H1FY27 H1FY26 H1FY27 PAT (₹ in Crores)* 1,586 1,566 PAT (₹ in Crores) 422 205 ROE (in %)# 34.9 46.8 ROE (in %) 17.3 7.8 *As per Ind AS, without OCI #ROE has been recomputed on Average Networth Gross Written Premi
Slide 44: Regional Rural Banks – Sponsored by SBI
Regional Rural Banks – Sponsored by SBI Performance Highlights – Q2FY27 9 RRBs operating in 9 States Network of 4,199 branches in 196 districts • Deposits at ₹ 1,52,407 crores ▲ 11.55% YoY • Gross NPA ▼ 24 bp YoY at 2.43% • CASA ▼ 27 bps YoY at 50.83% • Net Profit of ₹ 2,130 crores ▲ 49.58% YoY • Gr
Slide 45: SBI group financials – H1FY27
SBI group financials – H1FY27 Particulars (₹ in Crores) Half Year Ended Growth (%) Particulars Half Year Ended H1FY26 H1FY27 YoY H1FY26 H1FY27 Interest Earned 2,53,467 2,77,314 9.41 ROA (%) 1.13 1.17 Non-Interest Income* 92,450 97,383 5.34 ROE (%) 19.65 19.11 Total Income 3,45,916 3,74,697 8.32 Earn
Slide 46: Balance sheet
Balance sheet ₹ in Crores SBI SOLO SBI GROUP Liabilities Sep 25 Sep 26 YOY Growth (%) Sep 25 Sep 26 YOY Growth (%) Capital 923 923 0.00 923 923 0.00 Reserves and Surplus 5,17,136 5,98,663 15.77 5,68,389 6,70,669 17.99 Minority Interest 19,613 21,177 7.97 Deposits 55,91,700 62,77,919 12.27 56,55,559
Slide 47: Thank You
Thank You