SBI Q1 FY27 Results: Net Profit Crosses ₹21,000 Crore, Advances Touch ₹50 Trillion as Asset Quality Improves
India’s largest public sector lender, State Bank of India (SBI), delivered another strong quarterly performance for the first quarter of FY27. The bank reported double-digit growth in net profit and operating profit, robust credit expansion, healthy deposit growth, and further improvement in asset quality, reinforcing its position as one of India’s strongest banking franchises.
The Q1 FY27 investor presentation highlights SBI’s continued focus on profitable growth, strong capital position, disciplined lending, and digital transformation.
Q1 FY27 Financial Highlights
SBI reported healthy growth across key financial metrics during the quarter ended June 30, 2026.
| Particular | Q1 FY27 | YoY Growth |
|---|---|---|
| Net Profit | ₹21,121 crore | 10.23% |
| Operating Profit | ₹33,529 crore | 9.77% |
| Gross Advances | ₹50.47 trillion | 18.63% |
| Total Deposits | ₹60.06 trillion | 9.73% |
| Return on Assets (RoA) | 1.11% | Stable |
| Domestic NIM | 3.00% | -1 bp |
| Gross NPA | 1.47% | Improved by 36 bps |
| Net NPA | 0.38% | Improved by 9 bps |
The bank maintained healthy profitability despite a softer interest rate environment, while continuing to strengthen its balance sheet.
Credit Growth Remains Strong
SBI’s loan book crossed the ₹50 trillion milestone for the first time, reflecting broad-based demand across retail, agriculture, MSME, and corporate segments.
Key highlights include:
- Gross Advances: ₹50.47 trillion (+18.63% YoY)
- Domestic Advances: ₹42.77 trillion (+18.15%)
- Foreign Office Advances: ₹7.71 trillion (+21.38%)
Growth was well diversified across multiple business segments.
Segment-wise Credit Growth
- SME: +22.33%
- Agriculture: +25.43%
- Corporate: +18.05%
- Retail, Agri & MSME (RAM): +18.20%
Retail, Agriculture, and MSME businesses now account for nearly 67% of SBI’s domestic advances, reflecting the bank’s continued focus on granular lending.
Deposits Cross ₹60 Trillion
SBI continued to strengthen its liability franchise as total deposits increased to ₹60.06 trillion, registering 9.73% year-on-year growth.
Deposit performance included:
- CASA Deposits: ₹22.61 trillion
- CASA Growth: 9.30%
- Savings Deposits Growth: 10.27%
- Term Deposits Growth: 9.86%
The CASA ratio remained healthy at 39.24%, providing the bank with a stable and relatively low-cost funding base.
Asset Quality Improves Further
One of the biggest positives during the quarter was the continued improvement in asset quality.
Key asset quality metrics were:
- Gross NPA: 1.47%
- Net NPA: 0.38%
- Credit Cost: 0.27%
- Provision Coverage Ratio (Including AUCA): 91.82%
Management highlighted that Gross NPA declined by 36 basis points year-on-year, demonstrating disciplined underwriting, effective recoveries, and prudent risk management.
Fresh slippages remained under control while recoveries and upgrades continued to support the bank’s improving asset quality.
Profitability Remains Healthy
Despite a marginal moderation in net interest margins due to the changing interest rate cycle, SBI delivered healthy earnings growth.
Highlights include:
- Operating Profit rose to ₹33,529 crore
- Net Profit reached ₹21,121 crore
- Return on Assets stood at 1.11%
- Cost-to-Income Ratio improved to 46.71%
The bank maintained strong operating efficiency while continuing to invest in technology, digital banking, and customer service initiatives.
Strong Capital Position
SBI continues to maintain comfortable capital buffers to support future business growth.
Its healthy capital adequacy provides sufficient room for expanding credit while complying with regulatory requirements and maintaining financial stability.
The strong capital position also enables the bank to pursue growth opportunities without significant capital constraints.
Diversified Business Drives Stability
SBI’s diversified business model remains one of its biggest strengths.
The bank continues to benefit from balanced exposure across:
- Retail Banking
- Agriculture
- MSME Lending
- Corporate Banking
- International Operations
International business also performed well, with foreign office advances growing more than 21%, supported by business from regions including the United States, London, GIFT City, the Middle East, and East Asia.