SBI Q2 Results Live Updates: Advances growth, asset quality, slippages will be key to watch

What happened

State Bank of India is set to report its September quarter results shortly. A CNBC-TV18 poll expects net interest income of ₹47,901 crore, operating profit of ₹35,549 crore and net profit of ₹22,589 crore, with attention on fresh slippages, which means new loans turning bad, in agriculture and MSME segments.

Confirmed

Global impact / market context

SBI is India's largest lender, so its profit and loan growth signal how borrowing and repayment are trending across the economy. Higher fresh slippages, meaning new bad loans, would raise credit costs and reduce profit available to shareholders, while strong advances growth supports future interest income.

Analyst inference

The poll points to 11% net interest income growth and 13% net profit growth from a year earlier, suggesting core profitability is improving. Investors will compare actual results against these expectations, and any shortfall in loan growth, margins or asset quality could change how they value the stock.

Analyst inference

What to watch

1. Fresh slippages, which means new loans turning bad, especially in agriculture and MSME segments after the seasonal June quarter rise, will show whether asset quality is stable or worsening. Confirmed
2. The bank has guided for 14% to 15% credit growth in financial year 2027, so reported loan and deposit growth will be checked against that stated target. Proposed
3. Margins, meaning profit per unit of lending, and operating profit near the polled ₹35,549 crore will indicate whether core earnings can offset higher credit costs from bad loans. Analyst inference

Evidence

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