New Delhi, 03 November (H.S.): State Bank of India (SBI), the country's largest public sector lender, has reported a 14 per cent year-on-year increase in its standalone net profit to Rs 23,038 crore for the second quarter of the current financial year 2026-27, reflecting strong earnings growth during the July-September period.

The bank had posted a standalone net profit of Rs 20,160 crore in the corresponding quarter of the previous financial year, 2025-26.

In a regulatory filing with the stock exchanges on Tuesday, SBI said its total income increased to Rs 1,43,796 crore in the July-September quarter of FY 2026-27, compared with Rs 1,34,979 crore in the corresponding period a year earlier.

The bank's interest income also registered a significant rise, climbing to Rs 1,32,019 crore during the quarter under review from Rs 1,19,654 crore in the same period of the previous financial year.

SBI's asset quality improved further, with gross non-performing assets (NPAs), as a percentage of total advances, declining to 1.39 per cent in the quarter ended September 2026, against 1.73 per cent in the corresponding quarter last year.

Net NPAs also declined to 0.36 per cent from 0.42 per cent recorded in the same quarter of the previous financial year.

The bank further reported a reduction in provisions for bad loans, which fell to Rs 2,759 crore during the July-September quarter from Rs 4,132 crore in the corresponding period of FY 2025-26.

At the consolidated level, SBI Group recorded a 20 per cent year-on-year increase in net profit to Rs 25,361 crore in the second quarter of FY 2026-27, compared with Rs 21,137 crore in the corresponding quarter of the previous financial year.

The group's total income also rose during the period, reaching Rs 1,87,756 crore against Rs 1,75,898 crore in the July-September quarter of the previous financial year.

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Hindusthan Samachar / Jun Sarkar