NEW DELHI: State Bank of India (SBI) on Tuesday reported a 14 per cent year-on-year increase in standalone net profit to Rs 23,038 crore for the July-September quarter of FY27, compared with Rs 20,160 crore in the corresponding period last year.The bank’s total income rose to Rs 1,43,796 crore during the second quarter, from Rs 1,34,979 crore a year ago, according to a regulatory filing, cited by PTI. Interest earned increased to Rs 1,32,019 crore, compared with Rs 1,19,654 crore in the year-ago quarter.Asset quality also improved during the quarter. Gross non-performing assets (NPAs) declined to 1.39 per cent of gross advances as of September 30, 2026, from 1.73 per cent a year earlier. Net NPAs fell to 0.36 per cent from 0.42 per cent over the same period.Reflecting the improvement, provisions for bad loans declined to Rs 2,759 crore in the September quarter, against Rs 4,132 crore in the corresponding period of the previous fiscal year.On a consolidated basis, SBI Group’s net profit increased 20 per cent to Rs 25,361 crore, compared with Rs 21,137 crore in the year-ago quarter. Consolidated total income rose to Rs 1,87,756 crore from Rs 1,75,898 crore.The bank’s capital adequacy ratio also improved to 16.09 per cent as of September 30, 2026, compared with 14.62 per cent at the end of September 2025.
