State Bank of India Stock Price - ₹1,023.40 | Banks

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Company insights, generated from the most recent coverage.

SBI holds largest exposure to Air India at ₹18,500 Cr (46% of total debt), creating significant concentration risk and higher provisioning requirements under RBI's ECL framework from April 2027.
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SBI tailored its monetization strategies to ownership structures: coordinating with Amundi to preserve majority control in SBI Mutual Fund, while executing a standalone minority exit in NSE with no partner constraints.
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NSE stake sale yields ~₹3,218 Cr per 1% dilution, significantly higher than SBI Mutual Fund's ~₹353 Cr per 1%, reflecting the superior capital efficiency and valuation premium of the exchange monopoly versus the asset management business.
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The Quarter story

The two most recent quarterly results, compared side-by-side.

SBI sustains strong credit growth and funding efficiency, though digital engagement and capital buffers need monitoring.

Domestic advances grew from ₹36,19,671 Cr to ₹42,76,648 Cr from Q1 FY26 to Q1 FY27 — fueling core lending expansion.

Active internet banking customers dropped from 14.8 Mn to 12.6 Mn from Q3 FY26 to Q1 FY27 — signaling declining digital engagement.

CASA deposits increased from ₹20,68,527 Cr to ₹22,60,926 Cr from Q1 FY26 to Q1 FY27 — lowering overall funding costs.

AT-1 ratio fell from 1.35% to 1.01% from Q1 FY26 to Q1 FY27 — indicating erosion in the regulatory capital buffer.

Credit cost declined from 0.47% to 0.27% from Q1 FY26 to Q1 FY27 — reflecting disciplined underwriting and recovery.

Consolidated gross NPA ratio rebounded from 0.15% to 1.48% from Q3 FY26 to Q1 FY27 — requiring closer asset quality monitoring.

Retail personal banking advances expanded from ₹15,39,878 Cr to ₹17,73,147 Cr from Q1 FY26 to Q1 FY27 — capturing steady consumer demand.

SBI Funds Management market share slipped from 15.80% to 15.12% from Q1 FY26 to Q1 FY27 — losing ground to competing asset managers.

SBI Life assets under management rose from ₹4,75,813 Cr to ₹5,24,850 Cr from Q1 FY26 to Q1 FY27 — strengthening the insurance franchise.

Treasury modified duration extended from 2.27 years to 2.78 years from Q1 FY26 to Q1 FY27 — increasing sensitivity to interest rate shifts.

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In the news

SBI Credit Card Features Help Manage Financial Emergencies

SBI Research defends 7.8% GDP growth as maths debate rages over base year revision

SBI UPI Services to Be Down 45 Minutes on Sept 4

SBI's Strategic Stake Monetization: Capital Recycling at Peak Valuations

NSE IPO Launch Expected This Month: SBI to Sell 2.48 Cr Shares

RBI flags price risks, monsoon deficit hits 13% as September critical

Banks Closed 4 Days: SBI, HDFC, ICICI Shut Aug 25-30

SBI acquires 1.84 lakh sq ft building in Pune for ₹414 cr

SBI Cuts Bulk FD Rates by Up to 25 bps for Short-Term Deposits

SBI BSBD Account: Uniform cash withdrawal charges from Oct 1

Private banks accelerate FCNR(B) rate hikes as August 31 deadline approaches

RBI's FCNR(B) Gamble: $52 Billion Inflows, Early Closure, and What It Means for India's Banks

SBI leads deposits, HDFC Bank tops per-customer average

Indian Banks Set Record $9B Dollar Bond Sales in 2026

Expert Stock Picks: SBI, HUL, Canara Bank, Zen Technologies

Bombay HC Seeks End to Mallya Asset Dispute After ₹15,000 Cr Recovery

SBI lines up 5-6 M&A deals, targets 20% market share

Q2 Earnings: Mixed Results as StepStone Misses Estimates Despite Growth

SBI Leads Banks with ₹32,750 Cr ECLGS 5.0 Loan Sanctions

ICICI Securities: Mixed ratings on Titan, Fortis, Hindalco post Q1 results

State Bank of India