{"id":339348,"date":"2026-11-04T15:58:08","date_gmt":"2026-11-04T10:28:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=339348"},"modified":"2026-11-04T15:58:08","modified_gmt":"2026-11-04T10:28:08","slug":"sbi-fy27-targets-guidance-vs-q2-actuals-asset-quality","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sbi-fy27-targets-guidance-vs-q2-actuals-asset-quality\/","title":{"rendered":"SBI FY27 Targets Look Conservative After Q2 Results: Guidance vs Actuals on Loan Growth, Margins and SBI Asset Quality"},"content":{"rendered":"

SBI Q2 FY27 PAT Rs 23,038 cr (+14.3%); GNPA 1.39%, NNPA 0.36%. FY27 guide: credit growth 14-15%, credit cost about 0.50% vs 0.22% actual. Price Rs 979 (+0.9%).<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

SBI FY27 targets look cautious even as SBI asset quality improves, with gross NPA at 1.39% and credit cost at 0.22% in Q2. Management kept credit growth guidance at 14-15% while advances grew about 17.8%.<\/p>\n<\/p><\/div>\n

SBI FY27 targets<\/strong> look cautious even as SBI asset quality improves, with gross NPA down to 1.39% in the September quarter. Management kept credit growth guidance at 14% to 15% while advances grew about 17.8%, so the bank is guiding below what it is delivering. This guide compares the guidance with Q2 actuals, line by line.<\/p>\n

Figures are from SBI’s standalone Q2 FY27 results announced on 3 November 2026 and the chairman’s comments after the results, as reported by Business Standard, ANI, Free Press Journal and Newsdrum. The share price is NSE data as of about 3:50 PM IST on 4 November 2026. This is not a recommendation.<\/p>\n

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