SBI shares fall despite profit growth in September quarter
The country's largest public sector lender reported a 14.28 per cent year-on-year rise in standalone net profit.
Shares of State Bank of India (SBI) closed 1.70 per cent lower at ₹970 on Tuesday, November 3, erasing earlier intraday gains, according to Mint.
The state-owned lender recorded a standalone net profit of ₹23,038 crore for the second quarter ended September 30, 2026, up from ₹20,160 crore in the same period last year.
This profit growth was supported by strong credit expansion and a one-time gain from selling shares in its fund management subsidiary.
The bank's net interest income rose 14.69 per cent year-on-year to ₹49,143 crore, while its domestic net interest margin expanded to 3.11 per cent.
SBI's loan book grew 3.2 per cent from the previous quarter to reach ₹52.08 lakh crore, with retail, agriculture, and MSME advances increasing 17.34 per cent year-on-year.
Asset quality improved as the gross non-performing asset ratio fell to 1.39 per cent, while the net NPA ratio declined to 0.36 per cent.