State Bank of India, India’s largest lender, said on Tuesday that its business crossed ₹100 lakh crore in the second quarter and reported a 10% rise in its net profit to ₹20,160 crore.

The bank’s net interest income grew 3.28% year-on-year to ₹42,984 crore. Its net interest margin for the second quarter is 2.97%, and the domestic net interest margin for the quarter under review is 3.09%. The whole bank and domestic net interest margins for the half year of FY26 stood at 2.93% and 3.05% respectively.

The bank’s advances registered a 12.73% year-on-year growth, with domestic advances rising 12.32% and foreign offices’ advances rising 15.04%. Retail Advances grew by 15.09% year-on-year, led by SME Advances growth at 18.78% year-on-year, followed by Agri Advances growth at 14.23% Year-on-year and Retail Personal Advances growth at 14.09%.

Corporate advances registered a year-on-year growth of 7.10%. Whole Bank Deposits grew by 9.27% year-on-year, and CASA deposits grew by 8.06% year-on-year. CASA ratio stands at 39.63% as on 30th September.

Its Gross NPA ratio for the quarter was at 1.73%, improved by 40 basis points year-on-year. The net NPA ratio, on the other hand, improved by 11 basis points year-on-year to 0.42%. The Provision Coverage Ratio (PCR) improved by 13 basis points year-on-year, and stands at 75.79%, whereas PCR (including AUCA) improved by eight basis points and stands at 92.29%.

The Slippage Ratio for the first half of FY26 improved by eight basis points year-on-year to 0.60%, whereas the Slippage Ratio for the second quarter of FY26 improved by six basis points year-on-year and stands at 0.45%. The Credit Cost for the second quarter of FY26 stands at 0.39%. The Capital Adequacy Ratio (CAR) as at the end of the second quarter of FY26 stands at 14.62%.

The state-owned lender also said that more than 64% of State Bank accounts were opened digitally through YONO in the second quarter of FY26, and the share of Alternate Channels in total transactions increased from about 98.2% in the first half of FY25 to about 98.6% in the first half of FY26.

SBI shares closed 0.52% higher on Tuesday at ₹954.60 apiece.