State Bank of India (SBI) delivered a robust start to FY27, reporting its highest-ever quarterly net profit of ₹21,121 crore for the April-June quarter, up 10.23 per cent year-on-year, reflecting sustained momentum in India’s banking sector. The country’s largest lender posted a 9.77 per cent rise in operating profit to ₹33,529 crore, while net interest income (NII) climbed 14.88 per cent to ₹46,992 crore. Total business crossed the ₹110 lakh crore mark, with deposits exceeding ₹60 lakh crore and advances crossing ₹50 lakh crore. Whole bank advances grew 18.63 per cent year-on-year, led by strong growth across Retail, Agriculture and SME (RAM) segments, while deposits increased 9.73 per cent.
The results also underscored SBI’s improving financial strength, with gross and net NPA ratios falling to 1.47 per cent and 0.38 per cent, respectively, their lowest levels in over two decades. Capital adequacy improved to 15.67 per cent, domestic net interest margin rose to 3 per cent and whole bank NIM stood at 2.86 per cent. Retail term deposits grew 14.39 per cent, CASA deposits increased 9.30 per cent with the CASA ratio at 39.24 per cent, while credit cost remained contained at 0.27 per cent.
Commenting on the Bank’s performance, SBI Chairman Shri C.S. Setty said, “At SBI, our strategic direction continues to be guided by a simple philosophy – Digital First, Customer First and Nation Always. During the quarter, we continued to simplify banking by expanding our flagship Operations Process Re-engineering project, SARAL, with the objective of making customer journeys faster, simpler and more convenient. We also introduced YONO Ji, an Agentic AI-powered virtual assistant on YONO Business, to provide our commercial clientele with round-the-clock support. We have extended our Business Rule Engine, MSME Dream, to cover SME loans up to ₹10 crore, enabling faster and more consistent credit decisions without compromising underwriting standards. Technology is also strengthening our risk management framework. Through PRISM, our predictive stress monitoring platform, we are leveraging internal and external sources to identify early signs of stress in borrower accounts. This initiative also enhances our preparedness for the implementation of the proposed Expected Credit Loss framework. SBI is building not only for the next quarter, but for the next decade. Our subsidiaries have also continued to perform strongly and remain leaders in their respective sectors. During the quarter, the successful listing of SBI Funds Management Limited marked an important milestone for the SBI Group and reinforced the value that our subsidiary businesses continue to create for all stakeholders. As we progress towards our 75th anniversary in 2030, our focus is on creating the SBI of the future.”
The bank further strengthened its digital ecosystem during the quarter, with more than 64 per cent of savings accounts opened through YONO. Alternate channels accounted for 98.8 per cent of all transactions, while YONO’s registered user base exceeded 10.5 crore. Registrations on the newly launched YONO platform also crossed five crore within six months, reflecting rapid customer adoption.
In Guwahati, SBI’s strong credit growth across retail, agriculture and MSME segments is expected to support lending activity in Assam and the Northeast, where demand for business and farm finance remains healthy. The bank’s focus on digital banking, AI-enabled customer services and faster credit appraisal is also likely to improve financial access for entrepreneurs, traders and individual borrowers, reinforcing confidence in the region’s banking and financial services sector.
