Remain Optimistic On India's Medium-term Growth Prospects: SBI Chairman CS Setty
CNBC-TV18 · 03 Nov 2026 · 12 min
Management interview of State Bank of India (SBIN), with 8 key numbers discussed.
- CS Setty, Chairman, SBI
State Bank of India reported a 14.28% YoY increase in Q2 net profit to Rs 23,038 cr, with operating profit growing 7.28% to Rs 34,226 cr. Domestic net interest margin expanded by 11 bps sequentially to 3.11%, reaffirming confidence in achieving a 3% NIM guidance for the fiscal year. Gross NPA improved to a two-decade low of 1.39%. Management reiterated its credit growth guidance of 14-15% and deposit growth target of 10-11% for the full year.