State Bank of India has released the audio recording of its post-earnings meeting with analysts and investors, providing transparency into its financial performance discussion. The session took place on August 7, 2026, at 5:15 pm, addressing the bank's results for the quarter ended June 30, 2026. This filing ensures stakeholders have access to management's commentary and responses regarding the latest quarterly figures.

The disclosure was made pursuant to Regulation 30 read with Clause 15 of Para A Part A of Schedule III and other applicable provisions of the SEBI (LODR) Regulations, 2015. The audio file is hosted on the bank's official website under the investor relations section, allowing for easy access by market participants and researchers.

Meeting Details

The post-earnings call serves as a critical channel for communication between the bank's management and the investment community. By releasing the recording, State Bank of India adheres to regulatory mandates for timely and fair disclosure of material information.

Regulatory Compliance

The filing was signed by Aruna N. Dak, DGM (Compliance & Company Secretary), confirming the authenticity of the document. The submission was directed to the Listing Departments of both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). The circular reference number for this communication is CC/S&B/AND/2026-27/351.

Accessing the Recording

Investors can listen to the complete session via the link provided on the bank's website. The recording covers all aspects of the Q2FY26 financial results, including revenue trends, profit metrics, and strategic updates discussed during the conference call.

State Bank of India reported a 10.23% year-on-year increase in standalone net profit to ₹21,121 crore for the quarter ended June 30, 2026, driven by an 8.54% rise in interest income and easing provisioning pressures. The bank's consolidated net profit grew 13.73% to ₹24,113 crore, reflecting strong performance across retail and treasury segments as gross non-performing assets (NPAs) declined to 1.47% from 1.83% year-on-year.

The Central Board of Directors approved the unaudited financial results on August 7, 2026, following a limited review by the Statutory Central Auditors. The filing complies with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An investor presentation was also released, detailing segment-wise performance and digital initiatives.

Standalone total income grew 6.26% to ₹1,43,819 crore, fueled by an increase in interest earned to ₹1,27,896 crore. Interest income from advances rose to ₹94,011 crore, while investment income climbed to ₹29,510 crore. Operating expenses decreased sequentially to ₹29,386 crore from ₹33,990 crore in Q4FY26, boosting operating profit before provisions to ₹33,529 crore. Net Interest Income (NII) increased by 14.88% YoY to ₹46,992 crore, although the whole-bank Net Interest Margin (NIM) contracted by 3 basis points to 2.86%.

Consolidated metrics showed total income reaching ₹1,80,062 crore. Retail banking operations contributed significantly to segment revenue, with domestic advances growing 18.15% to ₹42,76,648 crore. Deposits grew 9.73% YoY to ₹60,05,805 crore, maintaining a CASA ratio of 39.24%. The bank's capital adequacy ratio (Basel III) stood at 15.67%, with a Common Equity Tier 1 (CET1) ratio of 12.89%.

Key Financial Metrics

The following table presents a snapshot of the bank's standalone performance for the latest quarter versus the year-ago period.

Asset Quality and Balance Sheet Trends

Gross advances grew 18.63% YoY to ₹50,47,222 crore. While the gross NPA ratio improved to 1.47%, fresh slippages rose to ₹70.46B from ₹55B on a sequential basis, indicating a marginal uptick in new stress formation. Net NPA ratio declined to 0.38%. Provisions for non-performing assets fell to ₹3,359 crore from ₹4,934 crore in Q1FY26, directly contributing to bottom-line expansion.

What the Numbers Show

The divergence between revenue growth and expense control highlights operational efficiency gains. While total income grew by 6.26%, operating expenses saw a sharper sequential decline, though they rose modestly year-on-year. The improvement in asset quality is evidenced by the annual drop in gross NPA ratio to 1.47%. However, the rise in fresh slippages to ₹70.46B from ₹55B QoQ, alongside the increase in slippages ratio to 0.57%, partially tempers the broader asset quality narrative. Non-interest income declined 9.07% to ₹15,923 crore, primarily due to lower forex/derivatives income and profit on sale of investments, offsetting some of the gains from higher fee income which rose 20.83% to ₹9,476 crore.