State Bank of India Share Price – NSE /  BSE

Banks, Mid Cap

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?.

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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.

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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.

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State Bank of India on 20th October 2025 has informed that it had raised Rs.7,500 crore through issuance of Non-convertible, Taxable, Redeemable, Subordinated, Unsecured, Fully Paid-up Basel III compliant Tier 2 Bonds in the nature of debentures of face value ₹1 crore each at a coupon of 6.93%.

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