State Bank of India

State Bank of India (SBI) announced its decision to divest 3,20,60,000 equity shares, being equivalent to 6.3007% of total equity capital of SBI Funds Management (SBIFML) through Initial Public Offering (IPO), subject to regulatory approvals. Amundi India Holding, the other promoter of SBIFML will divest 1,88,30,000 equity shares, being equivalent to 3.7006% of total equity capital of SBIFML, with a total of 10.0013% stake comprising of 5,08,90,000 shares to be listed. Both the promoters of SBIFML have jointly initiated the IPO, which will likely be completed in 2026.  Presently, SBI and Amundi India Holding hold 61.91% and 36.36% stake in SBIFML respectively. SBIFML is the largest asset management company in the country with market share of 15.55% managing Quarterly Average Assets Under Management (QAAUM for Q2 FY2025-26) of Rs.11.99 trillion under various schemes of SBI Mutual Funds and AUM of Rs.16.32 trillion under Alternates as on 30th September 2025. SBI Chairman, Shri Challa Sreenivasulu Setty said, 'SBI Funds Management Limited (SBIFML) will be the third subsidiary of SBI to be listed after SBI Cards and SBI Life Insurance. Considering SBIFML's sustained strong performance and market leadership over the years, it is considered an opportune time to launch the IPO process. Apart from maximizing value realization for the existing stakeholders, the IPO will create opportunities for the general shareholders, broaden market participation and lead to increased awareness of products to a wider set of potential investors. This will further enhance the public visibility of the Company, thereby reinforcing its position as a leading player in the asset management industry'.Powered by Capital Market - Live

The Nifty October 2025 futures closed at 25,699, a premium of 101.35 points compared with the Nifty's closing at 25,597.65 in the cash market. In the cash market, The Nifty 50 index declined 165.70 points or 0.64% to 25,597.65. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was down 0.09% to 12.65. State Bank of India (SBI), HDFC Bank and Suzlon Energy were the top-traded individual stock futures contracts in the F&O segment of the NSE. The November 2025 F&O contracts will expire on 25 November 2025.Powered by Capital Market - Live

Net profit of State Bank of India rose 6.85% to Rs 21137.33 crore in the quarter ended September 2025 as against Rs 19782.76 crore during the previous quarter ended September 2024. Total Operating Income rose 5.78% to Rs 128040.50 crore in the quarter ended September 2025 as against Rs 121044.68 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Total Operating Income128040.50121044.68 6 OPM %43.5648.19 - PBDT25630.0727474.31 -7 PBT25630.0727474.31 -7 NP21137.3319782.76 7 Powered by Capital Market - Live

Total income stood at Rs 1,34,979.47 crore in the quarter ended 30 September 2025, rising 4.52% YoY but declining 0.26% quarter-on-quarter (QoQ). Net interest income (NII) came in at Rs 41,620 crore, up 3.28% YoY but down 4.65% QoQ. The bank's net interest margin (NIM) for the whole bank stood at 2.97% in Q2 FY26, down 17 basis points (bps) YoY and up 7 bps QoQ. Domestic NIM was 3.09%, down 18 bps YoY and up 7 bps QoQ. Operating income rose 10.56% YoY to Rs 62,903 crore, and 7.68% QoQ. Operating profit grew 8.91% YoY to Rs 31,904 crore and increased 4.45% sequentially. Provisions rose to Rs 11,744 crore, up 7.14% YoY but down 3.17% QoQ. Whole bank deposits grew 9.27% YoY, while CASA deposits increased 8.06% YoY. The CASA ratio stood at 39.63% as on 30 September 2025. During the quarter, the cost-to-income ratio improved to 49.28% from 47.71% in Q1 FY26 and 48.51% a year ago. Cost to assets stood at 1.80%, up from 1.66% in the preceding quarter and 1.76% in the same quarter last year. The bank's gross non-performing assets (GNPA) stood at Rs 76,243 crore, down 2.30% QoQ and 8.55% YoY. Net NPA (NNPA) stood at Rs 18,460 crore, up 7.28% QoQ and 9.04% YoY. On the asset quality front, the bank's GNPA ratio reduced to 1.73% in Q2 FY26, compared with 1.83% in Q1 FY26 and 2.13% in Q2 FY25. The NNPA ratio stood at 0.42% in Q2 FY26, as against 0.47% in Q1 FY26 and 0.53% in Q2 FY25. The Provision Coverage Ratio (PCR) improved by 13 bps YoY to 75.79%, while PCR (including AUCA) improved by 8 bps to 92.29%. The slippage ratio for Q2 FY26 improved by 6 bps YoY to 0.45%, while the credit cost for the quarter stood at 0.39%. The bank's Capital Adequacy Ratio (CAR) as of the end of Q2 FY26 stood at 14.62%. State Bank of India is engaged in providing a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers. The counter rose 0.43% to Rs 954.30 on the BSE. Powered by Capital Market - Live

The Nifty November 2025 futures closed at 26,099, a premium of 162.8 points compared with the Nifty's closing at 25,936.20 in the cash market. In the cash market, the Nifty 50 index lost 29.85 points or 0.11% to 25,936.20. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.80% to 11.95. State Bank of India, ICICI Bank and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The November 2025 F&O contracts will expire on 25 November 2025.Powered by Capital Market - Live

State Bank of India will hold a meeting of the Board of Directors of the Company on 4 November 2025.Powered by Capital Market - Live

State Bank of India announced that CARE has assigned/ reaffirmed the credit rating 'CARE AAA; Stable' for the bank's debt instruments including Tier II bonds, infrastructure bonds and Tier I bonds. Powered by Capital Market - Live

State Bank of India has received affirmation in credit rating at ICRA AA+; Stable for Basel III Tier I bonds aggregating Rs 19,500 crore and ICRA AAA; Stable for Basel III Tier II bonds and infrastructure bonds aggregating Rs 75,200 crore. Powered by Capital Market - Live

State Bank of India is up for a third straight session in a row. The stock is quoting at Rs 842.5, up 1.32% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.37% on the day, quoting at 25332.7. The Sensex is at 82679.48, up 0.36%. State Bank of India has added around 1.79% in last one month. Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has added around 0.61% in last one month and is currently quoting at 55147.6, up 0.45% on the day. The volume in the stock stood at 70.66 lakh shares today, compared to the daily average of 56.93 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 846.95, up 1.52% on the day. State Bank of India is up 6.28% in last one year as compared to a 0.18% fall in NIFTY and a 5.01% fall in the Nifty Bank index.The PE of the stock is 10.51 based on TTM earnings ending June 25.Powered by Capital Market - Live

State Bank of India has completed the divestment of 413,44,04,897 equity shares of Yes Bank (equivalent of 13.19% stake) to Sumitomo Mitsui Banking Corporation on 17 September 2025. Powered by Capital Market - Live