State Bank of India (SBI) on Friday reported its highest-ever quarterly net profit of ₹21,121 crore for the April-June quarter of FY27, registering a 10.23 per cent year-on-year growth, driven by higher operating profit, strong credit growth and lower credit costs. The country’s largest lender also posted a 9.77 per cent rise in operating profit to ₹33,529 crore, while net interest income (NII) grew 14.88 per cent to ₹46,992 crore.
The bank’s total business crossed the ₹110 lakh crore milestone during the quarter, with deposits exceeding ₹60 lakh crore and advances crossing ₹50 lakh crore. Whole bank advances grew 18.63 per cent year-on-year, led by robust growth across Retail, Agriculture and SME (RAM) segments, while deposits increased 9.73 per cent. SBI also reported improvement in asset quality, with the gross NPA ratio declining to 1.47 per cent and net NPA ratio to 0.38 per cent, the lowest level in more than two decades. Capital adequacy improved to 15.67 per cent, while credit cost remained low at 0.27 per cent.
Commenting on the results, SBI Chairman Shri C.S. Setty said, “At SBI, our strategic direction continues to be guided by a simple philosophy – Digital First, Customer First and Nation Always. During the quarter, we continued to simplify banking by expanding our flagship Operations Process Re-engineering project, SARAL, with the objective of making customer journeys faster, simpler and more convenient. We also introduced YONO Ji, an Agentic AI-powered virtual assistant on YONO Business, to provide our commercial clientele with round-the-clock support. We have extended our Business Rule Engine, MSME Dream, to cover SME loans up to ₹10 crore, enabling faster and more consistent credit decisions without compromising underwriting standards. Technology is also strengthening our risk management framework through PRISM, while the successful listing of SBI Funds Management Limited marked an important milestone for the SBI Group. As we progress towards our 75th anniversary in 2030, our focus is on creating the SBI of the future.”
The bank also strengthened its digital banking ecosystem during the quarter, with more than 64 per cent of new savings bank accounts opened digitally through YONO. Alternate channels accounted for 98.8 per cent of total transactions, while YONO’s registered user base crossed 10.5 crore. Registrations on the newly launched YONO platform also surpassed five crore within six months of its launch.
In Guwahati, SBI’s sustained growth in retail, agriculture and SME lending is expected to support credit demand across Assam and the wider Northeast, where MSMEs, traders and agricultural enterprises continue to seek greater access to institutional finance. The bank’s expanded digital initiatives and faster loan processing are also likely to strengthen customer adoption and financial inclusion in the region.