Loan News · 3 November 2026 · 3 min read
In short: State Bank of India (SBI), the country’s biggest lender, said on Tuesday its net profit rose 14.3% to ₹23,038 crore in July–September 2026. That figure includes a one-time gain of about ₹7,289 crore. Its loans grew 17.8% from a year ago, and bad loans fell to 1.39% of all loans. Operating profit slipped 1.4%, and SBI’s share price closed 1.70% lower at ₹970.25.
SBI’s results at a glance
| Measure | July–Sept 2026 | Compared with |
|---|---|---|
| Net profit | ₹23,038 crore | +14.3% vs ₹20,160 crore a year ago |
| One-time gain included | about ₹7,289 crore | ₹4,593 crore a year ago |
| Net interest income (interest earned minus interest paid) | ₹49,143 crore | +14.7% vs ₹42,847 crore |
| Operating profit | ₹26,937 crore | −1.4% vs ₹27,311 crore |
| Net interest margin (domestic) | 3.11% | — |
| Gross bad loans (NPA) | 1.39% | 1.47% in April–June |
| Net bad loans | 0.36% | 0.38% in April–June |
| Total loan growth | 17.84% | from a year ago |
| Retail personal loan growth | 14.54% | from a year ago |
| Provisions for bad loans | ₹4,217 crore | ₹5,400 crore a year ago |
What the numbers mean in plain words
- Lending is growing fast. SBI’s loans grew nearly 18% in a year. Retail loans, which include home, car and personal loans, grew about 14.5%. Banks that want to keep growing loans usually compete harder for good borrowers.
- Fewer bad loans. An NPA (non-performing asset) is a loan where the borrower has stopped paying for 90 days. SBI’s share of such loans fell to 1.39%, so it set aside less money for losses.
- Why the share fell anyway. Much of the profit growth came from a one-time gain, and operating profit, the money from day-to-day banking, was slightly lower than a year ago. PSU bank shares were the weakest sector on Tuesday.
What it means for you
- If you have an SBI loan, today’s results do not change your EMI. Your rate moves with SBI’s benchmark rates (such as its MCLR or repo-linked rate), so watch those announcements instead.
- Planning a home or personal loan? Strong loan growth suggests lenders are keen to lend. Compare rates from a few lenders on our loans page and check the monthly cost with our EMI calculator.
- Deposits up to ₹5 lakh per person per bank are insured by DICGC, whichever bank you use.
Sources
- IIFL: SBI Q2 FY27 results, net profit up 14.3%
- Indian Masterminds: SBI Q2 FY27 net profit rises 14.3%
- HDFC Sky: Market close report, 3 November 2026
This is a news summary for education, not investment advice. Figures are as reported on or before 3 November 2026; check official sources before making decisions.