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State Bank of India (SBI) on Tuesday reported a 12.73% year-on-year growth in advances in the September quarter (Q2FY26), supported by broad-based momentum across retail, agriculture, SME and overseas loan books. The bank’s total advances stood at ₹44.2 lakh crore, while deposits rose to ₹55.9 lakh crore, taking total business past the ₹100 trillion mark.Domestic advances grew 12.32% YoY to ₹37.4 lakh crore, while credit from its foreign offices expanded 15.04%, led by operations in the US, GIFT City, the Middle East and East Asia. The bank said demand was supported by higher non-interest income and stable asset quality.SBI’s retail personal portfolio remained a key growth driver, rising 14.09% YoY to about Rs 15.9 lakh crore, now accounting for 42.6% of domestic advances. Home loans grew 15.22% and auto loans increased 9.64%. Personal gold loans surged 86.87% YoY, though they remain a small share of the book, while gross NPAs across retail products stayed below 1% for most categories.Agriculture loans rose 14.23%, and SME credit grew a robust 18.78% YoY, reflecting continued traction in priority and small business lending. Corporate advances also grew, albeit at a slower pace of 7.1%.SBI’s loan book remains well diversified, with services (14.05% share), home loans (23.52%), other retail (15.61%), and other industries (14.55%) contributing meaningfully to growth. Infrastructure lending, however, contracted 2.98% YoY, weighed by declines in telecom and roads & ports exposures.Live EventsThe bank’s credit-to-deposit ratio stood at 69.82%, while the RAM (retail, agriculture and MSME) portfolio crossed ₹25 lakh crore.On the profitability front, SBI reported a net profit of ₹20,160 crore, up 9.97% YoY, supported largely by higher non-interest income.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onstate bank of indiaState Bank of IndiaSBI credit growthQ2FY26 financial resultssbiagriculture loansSME credit growth (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onstate bank of indiaState Bank of IndiaSBI credit growthQ2FY26 financial resultssbiagriculture loansSME credit growth(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
