SBI Q2 FY27: Profit +14% to ₹23,038 Cr, GNPA 1.39%

State Bank of India SBIN reported Q2 FY27 results today (3 Nov 2026). Profit crossed ₹23,000 Cr in a single quarter, and asset quality improved again. Here is a quick look at what the numbers say. 📊 What this analysis covers: ✅ Standalone net profit: ₹23,038 Cr, up 14.3% YoY (vs ₹20,160 Cr) ✅ Net interest income (NII): ₹49,143 Cr, up about 14.7% YoY ✅ Domestic NIM at 3.11% - margin pressure from rate cuts looks contained for now ✅ Gross NPA down to 1.39% from 1.47% QoQ; Net NPA at 0.36% from 0.38% ✅ What to track next: loan growth vs deposit growth, credit cost, and the NIM trend 🔍 Research view: For a large PSU bank, the key questions are whether NII growth can keep pace with loan growth and whether asset quality stays this clean through the cycle. Read the full results presentation and management commentary before forming any view. 💬 Your take: Is SBI's profit growth now driven more by core lending income or by lower stress? Share your view in the comments. 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.