Net interest income (NII) climbed 14.88% YoY to Rs 46,992 crore, reflecting healthy growth in the bank's lending business. The domestic net interest margin (NIM), however, moderated marginally to 3.00% in Q1 FY27 from 3.01% in the year-ago period.

SBI's balance sheet remained strong, with total deposits rising 9.73% YoY to Rs 60.06 lakh crore as of 30 June 2026. Gross advances grew 18.63% YoY to Rs 50.47 lakh crore, underscoring sustained credit demand across segments.

Domestic CASA increased 9.30% YoY to Rs 22.61 lakh crore. However, the CASA ratio eased by 12 basis points to 39.24% from 39.36% a year earlier.

The bank continued to strengthen its asset quality during the quarter. Gross non-performing assets (GNPA) declined 36 basis points to 1.47% as of 30 June 2026 from 1.83% a year earlier, while net non-performing assets (NNPA) improved by 9 basis points to 0.38% from 0.47%. In absolute terms, gross NPAs declined 4.83% YoY to Rs 74,272 crore.

SBI's Provision Coverage Ratio (PCR) stood at 74.20%, while the PCR including Accounts Under Collection Account (AUCA) remained robust at 91.82%, reflecting prudent provisioning. The bank's Capital to Risk-Weighted Assets Ratio (CRAR) stood at 15.67% at the end of the quarter, indicating a strong capital position to support future business growth.

State Bank of India is India’s largest public sector lender with operations across retail banking, corporate banking, treasury, international banking and financial services.