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State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.
SBI reported a strong Q1FY27 performance. Net Profit rose 10.23% YoY to ₹21,121 Crore, and Operating Profit grew 9.77% to ₹33,529 Crore. Net Interest Income jumped 14.88% to ₹46,992 Crore. Domestic Net Interest Margin improved by 7 basis points over Q4FY26. Gross Advances expanded 18.63% YoY to ₹50,00,000 Crore, driven...
**Business Performance:** The bank posted a record annual Net Profit of ₹80,032 crore, up 12.88% YoY, driven by strong Net Interest and Non-Interest Income. Total business crossed ₹109 trillion, with deposits reaching ₹59.8 lakh crore and advances ₹49.3 lakh crore, growing 11.03% and 16.87% YoY respectively. Growth was broad-based, with...
**1. Business Performance:** The bank reported robust Q2FY26 results, with Net Profit up 9.97% year-on-year to ₹20,160 Cr. Total business crossed ₹100 lakh Cr. Deposits grew 9.27% to ₹55.9 lakh Cr, and advances rose 12.73% to ₹44.2 lakh Cr. Strong non-interest income and a Retail, Agriculture, and SME (RAM) portfolio...
Here is the financial summary for Q1FY26: **1. Financial Highlights:** Q1FY26 Net Profit rose 12.48% YoY to ₹19,160 Cr, with Operating Profit up 15.49% to ₹30,544 Cr. Return on Assets (ROA) improved to 1.14%. Gross Advances grew 11.61% YoY to ₹42,50,000 Cr, and Deposits increased 11.66% YoY to ₹54,00,000 Cr....
1. Financial Highlights: SBI’s operating profit surged 17.9% YoY to ₹1,10,579 crore, while net profit increased 16.1% YoY to ₹70,901 crore. Net interest income rose 4.4% to ₹1,66,965 crore; however, bank-wide NIM slightly dipped to 3.09% (domestic NIM at 3.22%). Advances grew 12% YoY to ₹42.2 lakh crore and deposits...