State Bank of India

Pawan Kumar

General Manager (Performance, Planning and Review), State Bank

rs,

of the Bank. On behalf of the State Bank of India, I am delighted to welcome the analysts, investors, colleagues and everyone present here today on the occasion of the declaration of the Q2 FY26 result

3.2%

st but uneven recovery. The IMF's World Economic Outlook October 2025 projects world GDP growth at 3.2% in 2025 and 3.1% in 2026, reflecting steady but subdued momentum amid persistent structural challe

3.1%

very. The IMF's World Economic Outlook October 2025 projects world GDP growth at 3.2% in 2025 and 3.1% in 2026, reflecting steady but subdued momentum amid persistent structural challenges.

6.8%

bust domestic demand and easing inflationary pressures. The RBI projects real GDP growth at around 6.8% for FY26 and 6.6% for FY27. Growth is being supported by strong investment activity, recovery in r

6.6%

nd and easing inflationary pressures. The RBI projects real GDP growth at around 6.8% for FY26 and 6.6% for FY27. Growth is being supported by strong investment activity, recovery in rural consumption a

11.5%

nd. On banking front, scheduled commercial banks' credit growth is slowly picking up and grew by 11.5% year-on-year. Last year it was at the same level of 11.5%, for the fortnight ended 17th October 20

9.5%

evel of 11.5%, for the fortnight ended 17th October 2025. While deposit growth remains sluggish at 9.5%, which was 11.7% last year. Going forward, we expect demand for credit to continue in the second h

11.7%

or the fortnight ended 17th October 2025. While deposit growth remains sluggish at 9.5%, which was 11.7% last year. Going forward, we expect demand for credit to continue in the second half. By looking a

12%

the trend, deposits and credit growth of scheduled commercial banks may remain in the range of 11-12% during FY26. However, risks persist from volatile global commodity markets and potential spillover

7 basis point

loans, stable asset quality and disciplined pricing. Our domestic NIMs for the quarter improved by 7 basis points quarter- on-quarter to 3.09%, driven by repricing of deposits. Operating leverage from technology,

3.09%

plined pricing. Our domestic NIMs for the quarter improved by 7 basis points quarter- on-quarter to 3.09%, driven by repricing of deposits. Operating leverage from technology, distribution and procurement

Rs 25,000 crore

mpounding our book value while maintaining stable capital ratios. In this quarter, we also raised Rs 25,000 crores of equity capital by way of qualified institutional placement with a demand book of more than Rs.