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SBI, India’s largest bank, crosses $100B market-cap milestone
What’s the story
The State Bank of India (SBI) has entered the elite $100 billion market capitalization club, becoming India’s sixth company to do so.
The milestone was achieved after SBI’s share price hit a new all-time high on the Bombay Stock Exchange (BSE).
The bank’s shares rose by as much as 1.47% to ₹971.15 apiece, pushing its market cap to over ₹8.96 lakh crore ($100 billion).
Shares of SBI have gained over 23% in 6 months
SBI’s share price has been on a strong upward trend lately, gaining 10% in the last month and over 23% in the last six months.
Over a two-year period, SBI shares have risen 66%, while delivering multibagger returns of 336% over five years.
The recent surge comes after the bank’s strong second-quarter performance for FY26, which beat analysts’ estimates with robust earnings growth.
SBI’s Q2FY26 net profit jumps 10% YoY to ₹20,159.67 crore
In the quarter ending September 2025, SBI posted a 10% year-on-year rise in net profit to ₹20,159.67 crore. This was aided by a ₹4,593 crore profit from selling a 13.18% stake in Yes Bank.
The bank’s net interest income (NII) for Q2FY26 rose by 3.28% to ₹42,985 crore while pre-provision operating profit (PPOP) fell by 6.8% YoY to ₹27,310.92 crore during this period.
Bank’s total business crosses ₹100 lakh crore mark
SBI’s asset quality improved sequentially with the gross NPA ratio easing to 1.73% from 1.83% in the previous quarter, and net NPA ratio falling to 0.42% from 0.47%, QoQ.
The bank’s total business also crossed the ₹100 lakh crore mark during this period, further highlighting its robust financial performance in Q2 FY26.
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