Q2 2026 State Bank of India Earnings Call Transcript
Key Points
- State Bank of India (SBKFF) reported industry-leading credit growth, demonstrating strong market share gains in segments like current account, home loans, and auto loans.
- The bank's domestic net interest margin improved by 7 basis points quarter-on-quarter to 3.09%, driven by repricing of deposits.
- State Bank of India (SBKFF) successfully raised INR 25,000 crore through a qualified institutional placement, marking the largest ever QIP offering in India.
- The bank's focus on technology and digital transformation is evident with the upcoming launch of Yuno 2.0, enhancing digital banking capabilities.
- State Bank of India (SBKFF) maintains a strong liability franchise with a CASA ratio of 39.63% and a market share of 23% in CASA deposits.
- Deposit growth remains sluggish at 9.5%, down from 11.7% last year, indicating challenges in attracting deposits.
- The bank's treasury profits declined by almost 50% from the previous quarter, reflecting challenges in the treasury segment.
- There was a notable shortfall in recovery and upgradation numbers, which were significantly lower than the previous quarter.
- The bank's operating profit and net profit were impacted by an exceptional item related to the sale of shares, highlighting reliance on non-core income.
- Concerns were raised about the bank's valuation being lower compared to peers, despite strong fundamentals and growth metrics.
Good evening, ladies and gentlemen.
I am Pawan Kumar, general manager, performance planning and Review department of the bank.
On behalf of the State Bank of India.
I'm delighted to welcome the analysts, investors, colleagues, and everyone present here today on the occasion of the declaration of the quarter to financial year '26 results of the bank.
I also extend a very warm welcome to all the people who are assessing the event through our live webcast.
We have with us on the stage, our Chairman, sir, CCSCT at the center.
Our managing director, corporate banking and subsidiaries, Shiwani Kumathiwari.
Our managing director, retail banking and operations Shri Vina Mtunse.
Our managing director Ris compliance and Saji Shiana Ashutosh Kumar Singh.
Our managing director International banking, Global markets and Technology Shiam Mohan Rawamara.
Our deputy managing director of finance, Shrimati Saloni Narayan.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
