The country’s largest lender reported a 2.3% sequential increase in advances to ₹50.47 lakh crore in the June quarter, while deposits rose 0.5% to ₹60.06 lakh crore, taking its total business to ₹110.5 lakh crore.
SBI’s loan book now accounts for nearly 23% of the outstanding advances of scheduled commercial banks, underscoring its dominant position in India’s banking sector. The lender’s advances are nearly 1.7 times those of HDFC Bank, whose loan book stood at ₹30.37 lakh crore as of June, and more than three times that of ICICI Bank at ₹16.31 lakh crore. Among public sector peers, Bank of Baroda and Punjab National Bank reported loan books of ₹14.2 lakh crore and ₹12.7 lakh crore, respectively.
According to RBI data, outstanding bank credit across scheduled commercial banks rose to ₹219.3 lakh crore as of June 2026, registering 18.6% year-on-year growth, significantly higher than 9.5% a year earlier. On a sequential basis, system-wide credit expanded 1.8%, supported by resilient demand from retail and MSME borrowers, continued lending to NBFCs and a gradual recovery in corporate credit.
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SBI also said it has mobilised nearly $6 billion under the FCNR(B) deposit scheme and expects inflows to reach around $10 billion.
“We expect credit growth of 14-15% and deposit growth of 10-11% in FY27, with deposit mobilisation likely to improve in Q2 due to FCNR inflows. Our guidance remains for NIM of around 3%, RoA of 1% and RoE of over 15%,” SBI Chairman C. S. Setty said following the bank’s June-quarter results.
System-wide deposits rose to ₹265.4 lakh crore in June, up 13.3% year-on-year, compared with 10.1% growth a year ago. On a sequential basis, deposits increased 2.7%, outpacing credit growth, reflecting stronger deposit mobilisation and improved funding conditions, aided in part by the RBI’s liquidity measures and FCNR deposit scheme.With a market capitalisation of ₹10.13 lakh crore, SBI is India’s fifth-most valuable listed company, behind Reliance Industries, Bharti Airtel, HDFC Bank and ICICI Bank. The stock rose as much as 3.6% after the June-quarter results before trimming gains to close 1.1% higher at ₹1,097.20 on NSE. SBI shares have gained nearly 12% so far this year, outperforming the Nifty 50, which has declined around 6% over the same period.
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(Edited by : Asmita Pant)
