STATE BANK OF INDIA — Q2FY27 earnings call summary

Filed 07 November 2026 · Official transcript

Credit pipeline ₹7 lakh crore; corporate credit growth expected 16% in H2FY27
Guidance: credit growth 14-15%, ROA ~1%, NIM not less than 3%, ROE 15% through cycles
Operating expenses include ₹850 crore upfronted costs to smooth Q4 expenses
Q2FY27 net profit ₹23,038 crore; operating profit ₹34,226 crore, +7.28% y-y
Domestic NIM improved to 3.11%; ROA 1.14%, ROE 18.68% for H1FY27
Total business ₹115 trillion; deposits ₹63 trillion, advances ₹52 trillion; credit growth broad-based
Gross NPA at 1.39%, provision coverage 74%; capital adequacy 16.09%
Digital initiatives (Re-KYC, Seva Sarathi) improved productivity, saving 50,000 man-hours daily