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Improving growth trajectory, steady margins positive for State Bank of India
Business Standard
|November 06, 2025
DEVANGSHU DATTA
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State Bank of India (SBI) reported good credit growth of 13 per cent year-on-year (Y-0-Y) and beat consensus estimates on net interest income (NII), current account savings account (Casa) deposits and fees.
Ona sequential basis, core net interest margins (NIMs) rose 5 basis points (bps), loans grew 4 per cent and fees 12 percent.
Core return on assets (ROA) stood at 1.05 per cent while the reported RoA was 1.17 per cent. The core pre-provision operating profit (PPOP) grew 2 per cent Q-o-Q and 9 per cent Yo-Y. While asset quality improved, slippages and nonperforming loans (NPL) declined.
The FY26 loan growth guidance was revised up from 12-13 per cent to 12-14 per cent along with guidance that NIM will be above 3 per cent in H2FY26. The reported Q2FY26 net profit was ₹20,160 crore, up 10 per cent Yo-Y, supported by an exceptional gain of ₹4,590 crore from divestment of 13.18 per cent stake in Yes Bank.
This story is from the November 06, 2025 edition of Business Standard.
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