SBI Q2 asset quality improves as credit guidance holds
In short
SBI said its gross bad-loan ratio improved to 1.39% from 1.47% in the previous quarter. Net bad loans fell to 0.36% from 0.38%, and domestic NIM rose to 3.11%.
The bank also kept its credit growth guidance at 14-15%. This matters because it suggests better asset quality, but the report does not give the full profit figures here.
What the reporting says
State Bank of India said its gross NPA improved to 1.39% from 1.47% in the previous quarter, while net NPA fell to 0.36% from 0.38%, according to the live update summary. Domestic NIM rose 11 basis points to 3.11%, and fresh slippages were ₹5,227 crore versus ₹7,046 crore in the previous quarter and ₹4,754 crore last year. The report also says credit growth guidance stayed at 14-15%, but it does not give full earnings details.
Why it matters
State Bank of India reported better asset quality in its Q2 update, with gross NPA at 1.39% and net NPA at 0.36%, both improved from the prior quarter. Domestic NIM rose to 3.11%, and fresh slippages fell sequentially to ₹5,227 crore, though they were still above last year. The bank also maintained its 14-15% credit growth guidance, signaling steady lending expectations.