1. Profitability
State Bank of India (SBI) delivered a resilient quarter in Q1FY26 despite pressure on margins.
- Net Profit rose to Rs. 19,160 crores, registering a 12.48% YoY growth.
- Operating Profit stood at Rs. 30,544 crores, up 15.49% YoY.
- Return on Assets (ROA) at 1.14% and Return on Equity (ROE) at 19.70% indicate robust profitability.
- Net Interest Income (NII) was Rs. 41,072 crores, down 0.13% YoY, reflecting margin pressure.
- Net Interest Margin (NIM) for the whole bank stood at 2.90%, and Domestic NIM at 3.02%.
2. Balance Sheet Overview
- Total Advances grew by 11.61% YoY to Rs. 42.54 lakh crores.
- Domestic Advances rose by 11.06% YoY.
- Break-up of segmental growth:
- SME Advances: โ 19.10% YoY
- Agricultural Loans: โ 12.67% YoY
- Retail Personal Loans: โ 12.56% YoY
- Corporate Loans: โ 5.70% YoY
- Home Loans (within retail): โ 15.05% YoY
- Total Deposits rose to Rs. 54.73 lakh crores, up 11.66% YoY.
- CASA Deposits grew by 8.05% YoY, with CASA Ratio at 39.36%.
3. Asset Quality
- Gross NPA improved to 1.83%, down 38 bps YoY.
- Net NPA fell to 0.47%, down 10 bps YoY.
- Provision Coverage Ratio (PCR):
- Without AUCA: 74.49%
- With AUCA: 91.71%
- Slippage Ratio improved to 0.75%, down 9 bps YoY.
- Credit Cost remained steady at 0.47%.
4. Capital Adequacy
- Capital Adequacy Ratio (CAR) improved to 14.63%, up 77 bps YoY.
- CET-1 Ratio: 11.10%, up 85 bps YoY
- Tier-1 Ratio: 12.45%, up 67 bps YoY
5. Digital & Alternate Channels
- 66% of new SB accounts in Q1FY26 were acquired digitally through YONO.
- Alternate channel transactions made up 98.6% of total transactions, up from 98.2% in Q1FY25.
๏ฟผ
*SBI Q1FY26 Financial Summary*
*Profit & Loss Account (โน in Crores)*
| Particulars |
Q1FY25 |
Q4FY25 |
Q1FY26 |
YoY % |
QoQ % |
| Interest Income |
1,11,526 |
1,19,666 |
1,17,996 |
5.80% |
-1.40% |
| Interest Expenses |
70,401 |
76,892 |
76,923 |
9.27% |
0.04% |
| Net Interest Income (NII) |
41,125 |
42,775 |
41,072 |
-0.13% |
-3.98% |
| Net Interest Margin (NIM) โ Domestic |
3.35% |
3.15% |
3.02% |
-33 bps |
-13 bps |
| Operating Profit |
26,449 |
31,286 |
30,544 |
15.49% |
-2.37% |
| Loan Loss Provisions |
4,518 |
3,964 |
4,934 |
9.21% |
24.46% |
| Profit After Tax (PAT) |
17,035 |
18,643 |
19,160 |
12.48% |
2.78% |
*Balance Sheet Highlights (โน in Crores)*
| Particulars |
Jun 24 |
Mar 25 |
Jun 25 |
YoY % |
QoQ % |
| Gross Advances |
38,12,087 |
42,20,703 |
42,54,516 |
11.61% |
0.80% |
| Domestic Corporate |
11,38,579 |
12,40,592 |
12,03,430 |
5.70% |
-3.00% |
| Retail Personal Advances |
13,68,045 |
15,06,477 |
15,39,878 |
12.56% |
2.22% |
| Home Loans (included above) |
7,39,581 |
8,30,763 |
8,50,856 |
15.05% |
2.42% |
| Total Deposits |
49,01,726 |
53,82,190 |
54,73,254 |
11.66% |
1.69% |
| Domestic CASA |
19,14,440 |
20,65,161 |
20,68,527 |
8.05% |
0.16% |
| Domestic Term Deposits |
27,89,510 |
31,01,702 |
31,86,346 |
14.23% |
2.73% |
| CASA Ratio |
40.70% |
39.97% |
39.36% |
-134 bps |
-61 bps |
*Asset Quality & Capital Ratios*
| Ratio |
Q1FY25 |
Q4FY25 |
Q1FY26 |
YoY Change |
QoQ Change |
| Gross NPA |
2.21% |
1.82% |
1.83% |
-38 bps |
1 bps |
| Net NPA |
0.57% |
0.47% |
0.47% |
-10 bps |
0 bps |
| PCR (Incl. AUCA) |
91.76% |
92.08% |
91.71% |
-5 bps |
-37 bps |
| PCR (Excl. AUCA) |
74.41% |
74.42% |
74.49% |
8 bps |
7 bps |
| Slippage Ratio |
0.84% |
0.42% |
0.75% |
-9 bps |
33 bps |
| Credit Cost |
0.48% |
0.39% |
0.47% |
-1 bps |
8 bps |
| CET-1 Ratio |
10.25% |
10.81% |
11.10% |
+85 bps |
+29 bps |
| TIER-1 Ratio |
11.78% |
12.11% |
12.45% |
+67 bps |
+34 bps |
| CAR |
13.86% |
14.25% |
14.63% |
+77 bps |
+38 bps |
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