State Bank of India has disclosed its Environmental, Social, and Governance (ESG) ratings for FY26 as assigned by SEBI-registered providers, revealing an upgrade from Crisil ESG Ratings & Analytics Limited. The disclosure, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlights divergent trends among rating agencies, with Crisil recognizing improved performance while other providers maintain or adjust their assessments based on publicly available information.

The ratings were awarded without direct engagement with the bank, relying solely on public data. This procedural detail is significant for investors interpreting the scores, as it indicates the assessments reflect external perceptions rather than internal management disclosures. The disclosure was submitted to both the Bombay Stock Exchange and the National Stock Exchange on July 28, 2026.

ESG Rating Performance by Provider

The table below details the ESG scores and qualitative ratings assigned by four SEBI-registered providers for FY25 and FY26.

Crisil ESG Ratings & Analytics Limited upgraded State Bank of India from a "Strong" rating with a score of 68 in FY25 to a "Leadership" rating with a score of 72 in FY26. Additionally, Crisil's Core ESG score remained stable at 74 across both periods. This represents the most significant positive movement among the disclosed ratings.

Conversely, SES ESG Research Private Limited recorded a marginal decline in its score from 71.2 to 70.4, though the qualitative rating remained unchanged at "Medium." ESG Risk Assessments & Insights Limited showed improvement, raising its score from 56.54 (Adequate) to 62 (Strong). NSE Sustainability Ratings & Analytics Limited did not provide a rating for FY26, having previously assigned a score of 73 (Leader) in FY25.

What the Numbers Show

The divergence in ratings underscores the varying methodologies employed by different ESG assessment frameworks. While Crisil’s upgrade to "Leadership" suggests material improvements in areas weighted heavily by its model, the static "Medium" rating from SES ESG Research indicates that other criteria may not have seen comparable progress. Investors should note that these ratings are independent assessments based on public data, not audited financial metrics, and may not fully capture internal strategic shifts unless those shifts are publicly documented.

State Bank of India witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 1,57,719 shares changing hands in a single transaction. The trade was executed at a price of ₹1,010.10 per share, aggregating to a total deal value of ₹15.93 crores.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades of this nature typically involve large institutional investors or significant market participants executing bulk orders outside the regular market mechanism, ensuring minimal impact on the prevailing market price. The transaction in State Bank of India shares reflects notable activity in one of India's largest public sector banking institutions.