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As of 2026-08-25
For the quarter ending June 2027 (Q1 FY2026-27), State Bank of India reported Income of ₹1,43,819.15 crore, Interest Earned of ₹1,27,896.46 crore, and Interest Expended of ₹80,904.02 crore. Other Income was ₹15,922.69 crore, and Revenue on Investments was ₹29,510.19 crore. Net Profit for the quarter was ₹22,121.0 crore.
State Bank of India's borrowing has increased from ₹413,748 crore in March 2019 to ₹639,610 crore in March 2024, with a projected decrease to ₹610,857 crore in March 2025 before rising to ₹777,302 crore in March 2026. Deposits have shown consistent growth, rising from ₹2,940,541 crore in March 2019 to ₹4,966,537 crore in March 2024, with projections to reach ₹6,043,097 crore by March 2026.
As of August 21, 2026, a Harami and an Outside Bar pattern were detected on the daily chart. Previously, an Inside Bar pattern was observed on August 20, 2026, and August 18, 2026, as well as on the weekly chart for the week ending August 14, 2026. A Bearish Engulfing Reversal pattern was noted on August 10, 2026.
Key resistance levels identified include R1 at ₹1052.03, R2 at ₹1056.07, and R3 at ₹1230.1. Support levels are noted at S4 at ₹755.5, S5 at ₹736.94, S6 at ₹725.39, S7 at ₹711.55, and S8 at ₹680.0.
State Bank of India acquired a commercial property in Pune for ₹414 crore. The bank also cut its bulk fixed deposit interest rates by 25 basis points and changed cash withdrawal rules, effective October 1, 2026, with a fee of ₹15 plus GST after four free withdrawals per month. Additionally, SBI and APCRDA signed an agreement for a ₹214-crore residential complex for bank employees in Amaravati.
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Upward price movement of 2.59 standard deviations recorded on 2026-08-07.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Income | PEAK₹1,43,819.15 crore | ₹1,40,411.77 crore | ₹1,40,914.65 crore | ₹1,34,979.47 crore | ₹1,35,341.56 crore |
| Interest Earned | PEAK₹1,27,896.46 crore | ₹1,23,097.67 crore | ₹1,22,556.12 crore | ₹1,19,653.93 crore | ₹1,17,995.88 crore |
| Interest Expended | PEAK₹80,904.02 crore | ₹78,717.67 crore | ₹77,365.76 crore | ₹76,669.87 crore | ₹76,923.39 crore |
| Other Income | ₹15,922.69 crore | ₹17,314.10 crore | PEAK₹18,358.53 crore | ₹15,325.54 crore | ₹17,345.68 crore |
| Other Interest | ₹2,963.23 crore | PEAK₹3,883.19 crore | ₹3,834.91 crore | ₹3,499.84 crore | ₹2,960.43 crore |
| Revenue On Investments | PEAK₹29,510.19 crore | ₹28,579.05 crore | ₹28,427.51 crore | ₹28,278.73 crore | ₹27,749.20 crore |
State Bank of India reported a net profit of ₹21,121 crore for the June quarter, a 10.2% increase from the same period a year ago. The improvement was driven by a 14.4% rise in net interest income, with operating expenses increasing at a slower pace. Asset quality continued to improve, with the gross non-performing asset ratio falling to 1.47%, while capital adequacy ratios strengthened.
Interest earned, the bank’s primary revenue source, grew 8.4% year-on-year to ₹1,27,896 crore. Interest expended, the cost of deposits and borrowings, rose at a slower pace of 5.2% to ₹80,904 crore. The resulting net interest income — the difference between interest earned and interest expended — rose 14.4% to ₹46,992 crore, as interest income growth outpaced funding costs.
Other income, which includes fees, trading gains, and miscellaneous revenue, declined 8.2% year-on-year to ₹15,923 crore. Total income still increased 6.3% to ₹1,43,819 crore, supported by the strong net interest income growth.
Operating profit before provisions and contingencies rose 9.8% year-on-year to ₹33,529 crore. Total expenditure excluding provisions increased 5.2% to ₹1,10,290 crore. On a sequential basis, operating expenses declined 13.6% from the March quarter, driven by a sharp fall in other operating expenses.
Provisions other than tax and contingencies increased 6.0% year-on-year to ₹5,047 crore. This was a notable rise from the low level of ₹2,872 crore recorded in the March quarter. Tax expense climbed 11.1% to ₹7,361 crore. Net profit after tax grew 10.2% to ₹21,121 crore. Basic earnings per share rose to ₹22.88 from ₹21.47 a year earlier.
The gross non-performing asset (NPA) ratio improved to 1.47% in the June quarter, down from 1.83% a year earlier and 1.49% in the previous quarter. In absolute terms, gross NPAs stood at ₹74,272 crore, reflecting a year-on-year decline of 4.8% and a marginal sequential increase of 1.1%.
The Common Equity Tier 1 (CET1) ratio rose to 12.89% from 11.10% a year ago and 12.29% in the prior quarter. The Additional Tier 1 ratio declined to 1.01% from 1.35% over the year. The combined Tier 1 capital ratio (CET1 plus Additional Tier 1) stood at 13.90%, up from 12.45% a year earlier, reflecting a strengthened capital position.
State Bank of India reported a strong Q1FY27 with net profit rising 10.23% YoY to ₹21,121 crore, driven by 14.88% YoY growth in net interest income. Management highlighted that domestic NIM improved 7 bps QoQ to 3.00%, reflecting disciplined pricing and liability management. The bank's asset quality reached its best in over two decades, with gross NPA at 1.47% (down 36 bps YoY) and credit cost at 0.27%.
Loan growth remained robust at 18.63% YoY, with RAM (Retail, Agri, SME) advances growing 18.20% YoY and corporate advances up 18.05%. Management emphasized the bank's digital leadership, noting that 98.8% of transactions now occur through alternate channels, and YONO has 10.5 crore registered users. Capital adequacy improved to 15.67% CRAR, providing a strong buffer for future growth.
The June quarter showed that core lending income grew strongly, with net interest income rising 14.4% as interest earned outpaced funding costs. Operating expenses were well contained, and asset quality continued to improve, with the gross NPA ratio falling to 1.47%. The bank’s capital ratios also moved higher. While absolute gross NPAs edged up slightly from the March quarter, the overall profitability trend remained positive.
Exchange disclosures and regulatory announcements for State Bank of India.
State Bank of India will interact with multiple institutional investors via a virtual group meeting organized by Morgan Stanley on 27 August 2026 from 5:15 PM to 6:15 PM IST, disclosing only publicly available information.
State Bank of India (NSE: SBIN) has scheduled an institutional investor meeting titled 'India Financials Investor Group Trip to Mumbai' for August 27, 2026, at 17:15 IST. The virtual group meeting will be hosted by Morgan Stanley at the bank's Corporate Center for investor engagement purposes. Mr. Kaitav Shah is designated as the contact person for the event.
On August 21, 2026, the State Bank of India allotted 149,200 equity shares of Rs. 1/- each to resolve a court case pending before the High Court of Delhi regarding a Rights Issue from 2008 that had been kept in abeyance. This allotment, approved by the Executive Committee of the Central Board on the same date, increased the bank's paid-up share capital and total number of shares from 9,230,617,586 to 9,230,766,786.
State Bank of India allotted 1,49,200 equity shares of Rs. 1 each, previously kept in abeyance from its 2008 Rights Issue, following the disposal of a court case pending before the Hon'ble High Court of Delhi. The allotment was approved by the Executive Committee of the Central Board on August 21, 2026.
On August 17, 2026, State Bank of India representatives conducted a series of one-on-one investor interactions in Mumbai arranged by Motilal Oswal, covering sessions from 10:00 AM to 4:50 PM. The meeting included institutional investors and analysts such as Axis Mutual Fund, Fidelity International, Morgan Stanley Investment Management, ICICI Prudential Life Insurance, and Nippon, among others. The bank disclosed that only information available in the public domain was shared during these sessions.
State Bank of India reported a record net profit of ₹21,121 crore for Q1 FY27 (ended June 30, 2026), with total business crossing ₹110 trillion and deposits exceeding ₹60 trillion. The bank maintained a Net Interest Margin of 3% and achieved its lowest Gross and Net NPA ratios in over two decades, despite fresh slippages of ₹7,000 crore which were partially reversed. Management provided a full-year credit growth guidance of 14-15%, anchored to nominal GDP expectations, while confirming the successful listing of SBI Funds Management Limited as a key value-unlocking milestone.
State Bank of India representatives will interact with institutional investors via one-on-one and group meetings at the Motilal Oswal 22nd Annual Global Investor Conference on August 17, 2026. The in-person sessions are scheduled from 10:00 AM to 4:50 PM IST in Mumbai, organized by Motilal Oswal. The bank disclosed that only publicly available information will be shared during these interactions.
State Bank of India will participate in the Motilal Oswal 22nd Annual Global Investor Conference 2026 on August 17, 2026, at 10:00 AM in Mumbai. The in-person group meeting is for investor engagement with multiple analysts and institutional investors.
State Bank of India concluded the issue of USD 500 million Senior Unsecured Fixed Rate Notes with a 5-year maturity and a 5.25% semi-annual coupon under Regulation-S, to be issued through its London branch as of August 18, 2026, and listed on the Singapore Stock Exchange, India INX, and NSE-IX Exchange in GIFT City.
State Bank of India concluded the issuance of USD 100 million in Senior Unsecured Floating Rate Notes as a tap of its existing Reg-S notes due July 6, 2029, with an original maturity of three years and a coupon rate of SOFR plus 100 basis points. The bonds were issued through the bank's London branch on August 14, 2026, and are scheduled to be listed on India INX, GIFT City. This disclosure was submitted to BSE and NSE on August 10, 2026, pursuant to SEBI (LODR) Regulations.
State Bank of India published its financial results for the quarter ended 30 June 2026 in the Economic Times (English), Navbharat Times (Hindi), and Maharashtra Times on 8 August 2026, as disclosed under Regulation 47 of SEBI (LODR) Regulations, 2015.
Paisalo Digital Limited announced a public issue of non-convertible debentures (NCDs) with a base size of ₹1,500 crore and an option to retain oversubscription up to ₹3,000 crore, scheduled to open on August 7, 2026, and close on August 20, 2026. The company received in-principle listing approval from BSE on July 24, 2026, and the NCDs have been rated 'BWR AA/ Stable' by Brickwork Ratings and 'IVR AA/Stable' by Infomerics Valuation and Rating Limited. Additionally, Paisalo Digital's Board approved its unaudited financial results for the quarter ended June 30, 2026, on August 5, 2026.
SBI has submitted a presentation on its financial results for the quarter ended June 30, 2026, to the BSE Limited and the National Stock Exchange of India Limited. The presentation highlights strong profitability with a Net Profit of ₹21,121 Cr and a 10.23% YoY increase. Gross advances reached ₹50 Trillion, marking an 18.63% YoY growth, while asset quality improved with the lowest NPA ratios in over two decades, showing Gross NPA at 1.47% and Net NPA at 0.38%.
State Bank of India submitted a Security Cover Certificate as of June 30, 2026, issued by statutory auditor R.G.N. Price & Co., confirming that because the listed unsecured non-convertible debt securities are unsecured, no security cover is required. The auditor also certified that all financial covenants specifically stated in the Debenture Trust Deed for these securities have been complied with by the bank as of that date.
State Bank of India's Central Board met on August 7, 2026, to consider financial results for the quarter ended June 30, 2026. The unaudited standalone and consolidated financial results, along with a limited review report containing an unmodified opinion, were submitted. The bank also submitted statements regarding deviations/variations in fund utilization and a security cover certificate as of June 30, 2026.
For the quarter ended June 30, 2026, the bank reported a Net Profit of ₹21,121 crores, a 10.23% year-over-year increase. Total business crossed ₹110 trillion, with deposits reaching ₹60 trillion and advances ₹50 trillion. Gross NPA improved to 1.47% and Net NPA to 0.38%. The Capital to Risk Weighted Assets Ratio (CRAR) stood at 15.67%.
State Bank of India (BSE: 500112, NSE: SBIN) disclosed that the audio recording of its post-earnings investor/analyst meeting held on 07.08.2026 at 5:15 PM, covering financial results for the quarter ended 30.06.2026, is available on its website at https://sbi.bank.in/web/investor-relations/webcast-audio-call. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, and signed by Aruna N. Dak, DGM (Compliance & Company Secretary).
State Bank of India submitted a disclosure under SEBI (LODR) Regulations, 2015 for the quarter ended June 30, 2026, reporting no deviation or variation in the utilization of funds raised from its issue of non-convertible debt securities. The filing confirms that the total amount raised, ₹1,63,408.00 crore, has been fully utilized as per the original allocation.
State Bank of India filed a statement with the BSE and NSE on August 7, 2026, reporting no deviation or variation in the utilization of funds raised for the quarter ended June 30, 2026. The disclosure confirms that while the bank has outstanding non-convertible debt securities totaling INR 1,63,408.00 crore as of May 30, 2026, all proceeds were utilized exactly as originally allocated without any changes to objects or amounts. No new public issues, rights issues, or preferential issuances occurred during the first quarter of the 2026-27 financial year.
On August 1, 2026, interest payment was made for Bond Series ISIN INE062A08389, with an issue size of ₹10,000 Crore. The annual interest amount paid was ₹754,00,00,000/-, with the record date being July 17, 2026.
Effective July 31, 2026, Deputy Managing Director & Chief Credit Officer and Chief Sustainability Officer Ashok Kumar Sharma and Chief Financial Officer Kameshwar Rao Kodavanti are retiring due to superannuation. Satyendra Kumar Singh will assume the roles of Deputy Managing Director & Chief Credit Officer and Chief Sustainability Officer. Varinder Khanna will become Deputy Managing Director (CCG-II) Commercial Client Group. Sunil Ramgopal Agrawal will take over as Chief Financial Officer and Key Managerial Personnel from August 1, 2026.
On July 31, 2026, SBI submitted disclosure information regarding its newly listed Non-Convertible, Taxable, Perpetual, Unsecured, Fully Paid-up Additional Tier 1 Bonds. The bonds, with a face value of ₹1 crore each, were listed on BSE and NSE on July 31, 2026, with a listing quantity of 4,691. The filing also includes record dates and interest payment dates for the next five years, with the first interest payment scheduled for July 30, 2027. Credit ratings from CARE Ratings Limited and CRISIL Ratings Limited were provided, both assigning AA+ with a stable outlook.
On July 31, 2026, State Bank of India reported tenure completion for two key management positions. Ashok Kumar Sharma completed his term as Deputy Managing Director, and Kameshwar Rao Kodavanti completed his term as Chief Financial Officer.
The Bank has successfully raised Rs. 4,691 crore through the allotment of Non-convertible, Taxable, Perpetual, Unsecured, Basel III compliant Additional Tier 1 Bonds. The bonds, with a face value of Rs. 1 crore each, were issued at a coupon rate of 7.75% and allotted on July 30, 2026. The issue opened and closed on July 29, 2026, and the bonds are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited.
Recent market and company developments associated with State Bank of India.
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State Bank of India expects to gather USD 10 billion from non-residents and foreign investors. The bank's total business aims to reach Rs 200 lakh crore by 2030. This ambitious target aligns with the country's economic growth projections. SBI's balance sheet could potentially double every six years. The bank's operations are closely linked to India's economic performance.
The company's subscriber base rose to 193.1 million as of June 30, marking the company's first quarter of net subscriber additions since its merger, while the 4G/5G base grew to 130.1 million.
The Delhi High Court will not consider non-encashment of RCom bank guarantees as a default. This ruling applies until the next hearing scheduled for September 3. Banks and RCom entities challenged the Department of Telecommunications' move to invoke guarantees. The court will adjudicate the legality of the department's actions and the banks' opposition. The government claims an independent right to proceed against petitioners and banks.
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Recent thefts from bank lockers in Kanpur and Mumbai raise concerns about security. The Reserve Bank of India regulates locker facilities and has capped the compensation limit.
Axis Bank has underwritten the entire amount and is likely to keep a large part of around Rs 5,000 crore to the financing, while State Bank of India and HDFC Bank are evaluating commitments for the remaining amount, the people said. Aditya Birla has also held discussions with six to seven other domestic lenders, but prefers to close the financing with two banks, or a maximum of three lenders, they said.
Small finance bank FDs offer 8.10% vs SBI’s 6.45%: Is the extra 165 bps worth the risk?
Axis Bank has underwritten the entire amount and is likely to keep a large part of around Rs 5,000 crore to the financing, while State Bank of India and HDFC Bank are evaluating commitments for the remaining amount, the people said. Aditya Birla has also held discussions with six to seven other domestic lenders, but prefers to close the financing with two banks, or a maximum of three lenders, they said.
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SBI aims for ₹200 lakh crore business by FY30, focusing on sustainable growth and market relevance under Chairman CS Setty.
By the year 2030, State Bank of India anticipates its total business could reach an impressive Rs 200 lakh crore, mirroring the Indian economy's projected annual growth of seven to eight percent. The bank's Vision 2030 is designed to benefit customers, employees, shareholders, and government stakeholders. With a focus on bolstering capital ratios and enhancing its cost-to-income ratio, SBI sets its course through various economic landscapes.
SBI aims to double its total business to ₹200 lakh crore by 2030, linked to India's economic performance, says Chairman C S Setty.
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Investors should hold State Bank of India stock post-Q1 FY27, expecting stable growth and no asset quality concerns.
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Comprehensive Section Breakdown for State Bank of India
Strategic Vision: Public sector bank providing retail, corporate, and digital financial services.
Category: Financial Services
Manages personal savings, housing loans, agricultural micro-credit, credit cards, and consumer digital solutions through YONO.
Key Products & Services: YONO • SBI Cards
Category: Financial Services
Provides project finance, working capital lending, trade advisory, syndicated loans, and merchant banking services to large enterprises.
Category: Financial Services
Operates through specialized subsidiaries for insurance, asset management, and credit cards.
Key Products & Services: SBI Life Insurance Company Limited • SBI Mutual Fund • SBI Cards and Payment Services Limited
Core Thesis: The bank integrates its branch network with digital platforms and specialized financial subsidiaries to offer a comprehensive range of services.
• YONO Digital Ecosystem Integration: YONO serves as a digital-first customer acquisition engine and provides unified access to various services, including corporate services through YONO Business. • Cross-Subsidiary Distribution: Utilizes physical branches to cross-sell products from subsidiaries like SBI Life, SBI General Insurance, and SBI Mutual Fund. • Asset-Liability Management (ALM): Retail deposits fund corporate loans and infrastructure projects, with the Treasury division managing fixed-income portfolios and foreign exchange operations.
• Extensive branch network across rural, semi-urban, and urban areas.
• Consolidated digital platform (YONO) for customer acquisition and service delivery.
• Diversified financial services offerings through group subsidiaries.