State Bank of India (SBI) on Tuesday reported a 14.28 per cent rise in standalone net profit to Rs 23,037.95 crore (yaani about Rs 230.38 billion) for the quarter ended September 30, 2026, up from Rs 20,159.67 crore in the same quarter a year earlier, according to the bank's exchange filing.

Source: Upstox / SBI exchange filing

Net interest income rose 14.69 per cent to Rs 49,142.85 crore, compared with Rs 42,847 crore in the year-ago quarter.

Source: The Hindu BusinessLine

Rs 23,038 croreStandalone net profit, Q2 FY27
+14.28%Rise from a year earlier
Rs 49,143 croreNet interest income
1.39%Gross NPA ratio at September-end

Consolidated net profit rose 19.9 per cent year-on-year to Rs 25,351.16 crore, while standalone total income increased to Rs 1,43,796.01 crore from Rs 1,34,979.47 crore a year earlier.

Source: DSIJ / SBI filing

Stake-sale gain and lower provisions helped

The quarter included an exceptional gain of Rs 7,288 crore, higher than the Rs 4,593 crore reported in the year-ago quarter. BusinessLine reported the gain came from the sale of shares in SBI Funds Management, NSE and ARCIL, while DSIJ reported a pre-tax exceptional profit of Rs 7,288.47 crore from SBI's divestment of a 6.30 per cent stake in SBI Funds Management through a pre-IPO transaction and offer for sale.

Source: The Hindu BusinessLine

Asset quality improved: gross non-performing assets stood at 1.39 per cent of gross advances at the end of September 2026, against 1.73 per cent a year earlier, BusinessLine reported. Reuters, via TradingView, also attributed the profit rise to robust loan demand alongside the stake-sale gains.

Source: Reuters via TradingView

SBI is India's largest lender by assets, so its quarterly numbers are watched as a broad read on credit demand, deposit costs and bad-loan trends across the banking system.