State Bank of India (SBI) on Tuesday reported a 12.73% year-on-year growth in advances in the September quarter (Q2FY26), supported by broad-based momentum across retail, agriculture, SME and overseas loan books. The bank’s total advances stood at ₹44.2 lakh crore, while deposits rose to ₹55.9 lakh crore, taking total business past the ₹100 trillion mark.
Domestic advances grew 12.32% YoY to ₹37.4 lakh crore, while credit from its foreign offices expanded 15.04%, led by operations in the US, GIFT City, the Middle East and East Asia. The bank said demand was supported by higher non-interest income and stable asset quality.
SBI’s retail personal portfolio remained a key growth driver, rising 14.09% YoY to about Rs 15.9 lakh crore, now accounting for 42.6% of domestic advances. Home loans grew 15.22% and auto loans increased 9.64%. Personal gold loans surged 86.87% YoY, though they remain a small share of the book, while gross NPAs across retail products stayed below 1% for most categories.
Agriculture loans rose 14.23%, and SME credit grew a robust 18.78% YoY, reflecting continued traction in priority and small business lending. Corporate advances also grew, albeit at a slower pace of 7.1%.
SBI’s loan book remains well diversified, with services (14.05% share), home loans (23.52%), other retail (15.61%), and other industries (14.55%) contributing meaningfully to growth. Infrastructure lending, however, contracted 2.98% YoY, weighed by declines in telecom and roads & ports exposures.
The bank’s credit-to-deposit ratio stood at 69.82%, while the RAM (retail, agriculture and MSME) portfolio crossed ₹25 lakh crore.
On the profitability front, SBI reported a net profit of ₹20,160 crore, up 9.97% YoY, supported largely by higher non-interest income.
Domestic advances grew 12.32% YoY to ₹37.4 lakh crore, while credit from its foreign offices expanded 15.04%, led by operations in the US, GIFT City, the Middle East and East Asia. The bank said demand was supported by higher non-interest income and stable asset quality.
SBI’s retail personal portfolio remained a key growth driver, rising 14.09% YoY to about Rs 15.9 lakh crore, now accounting for 42.6% of domestic advances. Home loans grew 15.22% and auto loans increased 9.64%. Personal gold loans surged 86.87% YoY, though they remain a small share of the book, while gross NPAs across retail products stayed below 1% for most categories.
Agriculture loans rose 14.23%, and SME credit grew a robust 18.78% YoY, reflecting continued traction in priority and small business lending. Corporate advances also grew, albeit at a slower pace of 7.1%.
SBI’s loan book remains well diversified, with services (14.05% share), home loans (23.52%), other retail (15.61%), and other industries (14.55%) contributing meaningfully to growth. Infrastructure lending, however, contracted 2.98% YoY, weighed by declines in telecom and roads & ports exposures.
The bank’s credit-to-deposit ratio stood at 69.82%, while the RAM (retail, agriculture and MSME) portfolio crossed ₹25 lakh crore.
On the profitability front, SBI reported a net profit of ₹20,160 crore, up 9.97% YoY, supported largely by higher non-interest income.
