State Bank of India earnings calls.

SBI delivered a record Q1 FY27 with net profit of ₹21,121 croreCurrent reported value: ₹21,121 crore. No comparable prior figure is available in the source record., driven by disciplined cost management and healthy operating performance. Operating profit grew 9.77% YoY while domestic NIM remained resilient at 3%. Total business crossed ₹110 trillionCurrent ₹110 trillion. Reported change: +10-12% YoY. (deposits ₹60+ trillion, advances ₹50+ trillion) with broad-based growth across retail, agriculture, MSME, and corporate segments. Asset quality improved to multi-decade lows for GNPA/NPA ratios, though absolute NPA and fresh slippages rose sequentially to ₹7,000 croreCurrent ₹7,000 crore. Reported change: +27% vs Q4 FY26. (vs ₹5,500 crore in Q4). Management reaffirmed FY27 guidance: 14-15% credit growth anchored to nominal GDP expectations and 3% domestic NIM. Key strategic initiatives include building a 6,000-person collection vertical to deepen penetration in self-employed segments, expanding AI-driven lead generation (₹22,000 crore sourced), and positioning for emerging sectors (data centers, GPU, hydrogen, solar) requiring ₹30 lakh crore capex. FCNR deposits of ~$6 billion mobilized (target: $10 billion) to reduce bulk deposit dependency. RiskCurrent reported value: Risk. No comparable prior figure is available in the source record.: Sequential uptick in slippages and SMA-2, potential ECL implementation costs (Q2 visibility), and gold loan cannibalization of express credit growth.