State Bank of India (NSE:SBIN) disclosed unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 at a Central Board Meeting held on 7 August 2026. Standalone net profit for the quarter stood at Rs 21,121.22 crore, compared with Rs 19,160.44 crore in Q1 FY26.
Key Highlights
- Standalone net profit for Q1 FY27 rose to Rs 21,121.22 crore, up from Rs 19,160.44 crore reported in Q1 FY26, as per the unaudited results filed with the exchanges.
- Consolidated net profit after minority interest for Q1 FY27 stood at Rs 24,113.00 crore, against Rs 21,201.47 crore in Q1 FY26.
- Standalone Capital Adequacy Ratio under Basel III improved to 15.67% as at 30 June 2026, compared with 14.63% a year earlier.
- Standalone gross non-performing assets stood at Rs 71,272.06 crore as at 30 June 2026, down from Rs 78,039.68 crore as at 30 June 2025, reflecting a reduction in absolute NPA stock.
About the Company
State Bank of India (NSE:SBIN), headquartered in Mumbai, is India's largest public sector commercial bank. The bank operates across retail banking, corporate and wholesale banking, digital banking, treasury, and international banking segments. The Government of India held a 55.03% stake in the bank as at 30 June 2026, according to the exchange filing.
Announcement in Detail
The Central Board Meeting commenced at 10:00 am on 7 August 2026 and concluded at 1:30 pm. The board approved unaudited standalone and consolidated results for Q1 FY27 under Regulation 33 and Regulation 52 of SEBI (LODR) Regulations, 2015. The Limited Review Report from the Statutory Central Auditors carries an unmodified opinion. A Statement of Deviation or Variations under Regulation 32 and a Security Cover Certificate under Regulation 54(3) for non-convertible debt securities as at 30 June 2026 were also enclosed with the filing.
On a standalone basis, total income for Q1 FY27 was Rs 1,43,819.15 crore against Rs 1,35,341.55 crore in Q1 FY26. Interest income alone reached Rs 1,27,896.45 crore. Standalone basic and diluted EPS before extraordinary items for Q1 FY27 stood at Rs 22.88, compared with Rs 21.17 in Q1 FY26. The standalone gross NPA ratio was 1.47% and the net NPA ratio was 0.38% as at 30 June 2026. Return on assets (annualised, net assets basis) on a standalone basis was 1.11% for Q1 FY27.
Impact on Investors
Investors will note that the standalone Capital Adequacy Ratio of 15.67% under Basel III as at 30 June 2026 is above the regulatory minimum, and the CET1 ratio stood at 11.10% for the same period, both of which the filing discloses without adjustment. Shareholders will observe that the absolute stock of gross NPAs declined on a year-on-year basis, with the gross NPA ratio compressing from 1.83% in Q1 FY26 to 1.47% in Q1 FY27 on a standalone basis.
The filing shows total standalone deposits reached Rs 60,05,805.24 crore and borrowings stood at Rs 7,68,854.15 crore as at 30 June 2026. The disclosed terms indicate these results are unaudited; the Limited Review Report carries an unmodified opinion but is not equivalent to a full audit, and investors should review the official exchange filing accordingly.
Sector / Market Context
India's scheduled commercial banks have continued to report broad-based credit growth in recent quarters, with the Reserve Bank of India's data indicating that system-wide bank credit growth has remained in double digits. Public sector banks, which account for a significant share of total banking system assets in India, have seen steady improvement in asset quality metrics across successive quarters, a trend that contextualises SBI's reported reduction in gross NPA stock during Q1 FY27.