Interim report
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The Listing Department, BSE Limited, Phiroje Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai – 400001 The Listing Department, National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, ‘G’ Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 BSE SCRIP Code: 500112 NSE SCRIP Code: SBIN CC/S&B/AND/2026-27/500 03.11.2026 Madam / Sir, Outcome of Board Meeting held on 03.11.2026 We refer to our letter no. CC/S&B/AND/2026-27/479 dated 26.10.2026 regarding intimation of the meeting of the Central Board of the Bank to consider financial results for the quarter and half year ended 30.09.2026. 2. In terms of Regulation 33, Regulation 52, and other applicable provisions of SEBI (LODR) Regulations, 2015, we submit the unaudited Standalone and Consolidated financial results of the Bank along with the Limited Review Report for the quarter ended 30.09.2026. The Limited Review Report of the Statutory Central Auditors contains unmodified opinion. 3. The Statement of Deviation or Variations under Regulation 32 and Regulation 52(7)/ 52 (7A) of SEBI (LODR) Regulations, 2015 for the quarter ended 30.09.2026 is enclosed. 4. The Security Cover Certificate as on 3 0.09.2026 on non -convertible debt securities under Regulation 54 (3) of SEBI (LODR) Regulations, 2015 is enclosed. 5. The Central Board Meeting commenced at 10 :00 am and the aforesaid agenda was concluded at 1.40 pm. Yours faithfully, (Aruna N. Dak) DGM (Compliance & Company Secretary)
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STATE BANK OF INDIA CORPORATE CENTRE, MUMBAI - 4OO O2I UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026Ih. hnbr to €vry izdE s. No Particulars Standalone Quaner ended Year ended 30.09 2025 llJnauditedl 30 06 2026 lUnaudltedl 30.09.2025 lUneuditedl 30 09 2026 lUnauditedl 30 09 2025 rUnauditedl 31 03 2025 lAudited) 30.09 2026 {Unauditedl 30.06.2026 lUnauditedl 30 09 2025 {Unauditedl 30 09 2026 lUnauditedl 30 09 2025 lUnauditedl 31.03.2026 lAuditedl ,1 2 3 4 5 5 7 8 I t0 11 12 13 14 t5 16 17 1,32,01 8.55 '1,27,895.45 t,t 9,51 6.87 2,59,915.01 2,37,347.15 4,42,797.17 1,41,073.34 1,35,240.49 1,27,903 44 2,77,313.83 2.53,456.52 5,r 4.932.59 (a) loleresu discount on advances/ bills 97,464 47 94,0't't 38 86 182 58 1,91,475 85 1,71,620 50 3,50,004 36 1,OO,420 74 96 826 98 88.993 64 1,97,25572 1.77.'139 66 3,61,064 o0 b 30 084 08 29 510 19 2A 274 73 59 594 27 56 027 93 1,13,034 49 35 666 48 34 531 10 33,267 79 70,'197 58 65,493 33 1,31 ,954 32 (c) 1.729 24 1 411 66 1,69278 3,'140 90 3541 11 6,086 38 2 13090 1 847 42 2.194 77 3,978 32 4,558 66 7.998 97 Others 2 740 76 2 963 23 3 362 7A 5 703 99 6 15761 13,671 94 2 847 22 3,034 99 3,443 24 5,882 21 6.274 A7 '13.915 3 Other income 11.777.46 '15.922.69 1 5.462.60 27.700 ',15 32.973.88 68.850 28 46_682 85 43,421.37 47,994.35 90,504.22 89,423.09 1,94,684.37 1.43.796 01 1.43.81 9.1 5 't.34.979.47 2.87.61 5.1 6 2 70.321.O3 5-51-647_45 1,87,756 19 1,80,061.86 1,75,897 79 3,67,8't8.05 3,42.889.61 7,09.616.96 42.475 70 80.904.02 76.669.87 1.63.779 72 1.53.593.25 3,09,676.69 84,272 58 42,247.57 74,oo2.37 't,66,520.'t 5 1,56,268.83 3,1 5,004.81 33,983.07 29,385.95 30,998 68 63.369 02 58.872.38 1.23.548 80 71.891 77 59.'t82.6'l 55.778 45 '1.31.074.38 '1.20.o't1.15 2,62,650 45 (a) Employee cost 17 ,451 95 17 42340 16.605 95 34,875 75 33,505 47 65.723 7A 1 9.339 39 19.218 66 18 346 18 38 558 05 36 836 75 72 768 24 (b) ODeratino exoenses relatino (o lnsurance Business 32,886 1 3 25 959 18 30.401 28 58.845 31 52.880 51 1.21.464 05 (cl 16 531 12 11 962 15 14,39273 28.493 27 25 366 91 57,425 02 19 666 25 14.OU 77 1 7,030 99 33 67'1 02 30 293 89 68,418 16 '1,15,858.77 1,1 0,289.97 1.07.668.55 2,27,148.74 2.12.465 U 4,33,225.49 '1,56.164 35 1.41.430.'t 8 1.43.740.82 2.97.594.53 2.76.279.94 26,917.24 33,529 18 27,310.92 60,466 42 57,855.39 1,18.421 96 31.591 84 38.631.68 32,1 1 6.97 70.223.52 66.609.53 Paovisions (other than tax) and contingencies (net ol wrile back) 4,216 86 5,046 77 5.400't2 9,263 63 '10,'159 32 17,538 40 4.915 69 5.747 A8 6 486 90 1 0,663 57 11 750 44 20 960 29 assets 2759',tO 3 359 01 4,13234 6,11811 9,066 38 15,422 50 3,429 79 4.024 08 5,'150 78 7,453 g7 11j4220 1 9.350 08 7 2AA 47 4 593 22 7 2AA 47 4,593 22 4.593 22 6,479 26 3,026 57 6,879 26 3,026 57 3.026 57 30_008 85 28,482.41 26,504.02 58,491.26 52,249.29 1,05,475.78 33,555.41 32,883.80 28,656 64 66.439.21 57.885.76 Tax expense, (creditl 6,970 90 7,361 19 6,344 35 14,332 09 12,969 18 25.444 77 7 .813 94 I 304 76 7 152 15 16't't870 14 754 63 28 859 51 23,037.95 2',1,121.22 20.1 59 67 44,159',17 39.320.1'l 80.032 01 25.741.47 24.579 04 21.504 49 50.320 s1 43.1 3t.t 3 85.1 68.47 23,037 9s 2',1,121.22 20.1 59 67 44.159 17 39.320.1 1 80.032.01 25.741.47 24 579 04 21 SO4 49 50.320 51 43,1 31.1 3 85,1 68.47 476 12 541 85 356'tO 1,O17 97 850 84 1.497 20 ,inoilly lnterest 856 43 1 007 89 723 26 1 432 1,U3't7 3 366 89 23.037.95 21,12'l 22 20.'t 59.57 44.159.17 39.320.1 I 80.032 01 25 361 16 24,1 I 3.00 2r,l 37.33 49,474.1 6 42,338.80 83,298.78 18 19 20 923 08 923 06 923 06 923 08 923 06 923 06 923 08 923 06 923 06 923 08 923 06 923 06 5.09 1 14 00 (iI 55 030/, 55 03% 55 0302 55 030/. 55 030/" 55 03% 55 03% 55 03% 55 03% 55 03% 55 03% 55 03% ) Capilal adequacy ratio lEasel lll) 16 090/" 15 670k 14 16 09% 14 620/" 15 400/. .) CET 1 ratio 13Uok 12 89.k 11 470/" 13 340k 11 470/" 12 1 000/6 1 O1'/o 1200/" 1000/. 1 20yo 1 O4ot (t E.mlng6 per !h.E (EPSI (lI tal e..rli antariuGd eFE urore@ (QudGrrHalt-Yo.. numb€6 not.nnuali*d) (bl Basic and diluted EPs alter Extraordinary items (net ol tax expense) lQuanerrHalf-Year numbers not annualisedl 24 1ta 24 96 22 BB 22 88 22 00 22 00 41 84 47 84 43 47 43 47 87 59 87 59 26 12 26 12 22 A1 22 A1 53 60 53 60 t6 8l 46 81 91 16 91 16 livl NPA ralios {a} Amount ot 72.529 0A 74.272 06 76 243 04 72 s29 0A 76 243 04 73 452 46 14.546 11 1 9,1 58 49 14.459 92 18,546 1 1 1 8.459 92 18 830 '14 1 39% 1 47Yo 1 73.k 1 39o/o 1 730k 1 49Yo 0 36% 0 38% o 420/a o 360n o 420/o 0 39"/o 1 19'/o 1 1 1o/o 1 17' 't 14to 1 15yo 1',t2ok (vi) Net worth 5,26,440 74 4,95,244 32 4.53.279 30 52644074 4.53.279 30 4 72 494 50 (vii) Outstanding redeemable preference shares Cagital redemplion .esefle Debl- equilv ratio' 057 054 060 o57 060 056 474% 10 03% 8 a 74./" 8 59% 9 59% 'Debl represents borrowlng6 lincluding Repos) with residu.l m.turity of more than one year -Total debts repEsents lotal borowings oflhe Bank Ll,r,/ w roraL tNcoME l1l+lzl nleresl expenoeo t4t+{sl CPERATING PROFIT {betore orovisions and conlinoenciesl l3l-{61 Exceptronal rtems PROFIT/ {LOSSI FROM \E I PHUtsr r' lLOUSl Ar r EX MTNOXT r Y tN I EKES I l14l+1151{1b'
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tu bankr to ewry L# STATE BANK OF INDIA CORPORATE CENTRE, MUMBAI .4OO O2I UNAUDITED SEGMENTWSE REVENUE, RESULTS, ASSETS A LIABILITIES s. Particulars Standalone 30.09.2025 lUnaudltedl 30 06 2026 lUnaudited) 30 09 2025 lUnaudited) 30 09 2026 lUnaudhed) 30 09 2025 lUnauditedl 31 03 2026 lAudltedl 30 09 2026 lUnaudited) 30 06 2026 lUnaudited) 30 09 2025 lUnauditedl 30 09 2026 (Unaudited) 30 09 2025 (Unaudlled) 31.O3.2025 lAudited) ,l a 30,160 28 u.757 20 33,063 88 64 917 4A 59 792 95 1,35 516 03 30,550 99 35,35'l 98 33,601 20 65,902 97 69.720 51 b 40 556 95 38 329 01 36 941 71 78 885 96 72 454 37 1 49 102 41 41 226 07 38,981 81 37,s2290 80,207 88 73,603 91 1,53,354 79 c Relail Banking operations (i) + (iil 73 079 78 70 244 36 64.561 88 1 43.32314 1 27 .421 2.64 605 90 73 396 96 70 549 18 64 885 08 1 43 945 14 124.06017 2 65 843 98 82022 833 18 1,097 98 1,653 40 2,247 61 4.125 43 825 88 838 80 1.126 12 1 664 68 23/360 4,241 13 iiI other Retail Banking 72,25A 56 69,41 1 18 63,463 90 1 41 669 74 1,25,134 35 2,60,440 47 72,57108 69,710 38 63.758 96 1.42.281 46 1 .25 716 57 2 6'1 602 85 d 35757 27 2AAAl 23 33 309 29 64,638 50 58,369 54 1,33,260 46 Other Bankinq oDerations 9.109 26 8 883 30 I 702 81 17 992 55 17,151 74 34,821 89 1 Unallocated 488 58 412 00 488 58 651 74 2.42311 055 489 36 421 53 489 91 672 77 2,470 47 1.43.796.01 1.43.8 t 9.15 1.34.979.47 2.87.61 5.1 6 2,70,321.O3 5,51,647.45 1.90.041 10 1.83,136 85 1.78.442.41 3.73.1 77.96 3.47 578.64 7,'t 9,870 36 2.28/91 3 075 00 2 545 02 5 359 91 4 589 03 10 253 40 1.43.796.01 1.43.81 9.1 5 't.34,979.47 2.87.5't 5.'t 5 2,70,121 03 s.51.647.45 1.87.756.1 9 1.80.05't.86 't.75.897.79 3.67 818_05 3,42,889.61 7,09,616.96 2 Segment Results a 1 ,173 29 5 591 78 4.011 77 6.765 07 '12,094 68 20,u6 43 1,316 23 6 009 64 4,336 03 7 32587 '1'1 616 86 '14 415 18 b comorate/ Wholesale Bankinq opeaations 7,460 03 6 7'15 85 7,744 4A 14 175 88 1293064 31.262 64 7 590 70 6,795 33 7,800 70 14,386 03 1 3.204 96 33.077 87 c 17 22439 18 750 79 12467 43 35 975 't 8 2A 344 67 59 156 70 17 26274 18 820 79 12,952 34 36,083 53 28,883 80 59,852 93 6 128 09 6.246 61 3.712 92 12.374 70 8,345 26 1 8.250 88 6.131 66 6249 88 3 734 21 12 3A1 54 4,37't 49 1 8,340 86 Retail Bankinq 1 1,096 30 12.50414 9,154 51 23,600 48 '19,999 41 40,905 82 1 1.131 08 12.570 91 9.21813 23 70'l 99 20 51231 41 5',t2 07 d 651 03 1,01 1 07 823 89 1 ,662 10 1 720 08 3 391 87 2 963 59 2,793 98 2.440 77 5,757 57 5.046 62 10.027 19 l -313733 - 2.576 01 . 2.752 Aa .5.7't3U - 5,673 92 . I.AA2 21 -310814 -2547 01 272366 -5555 15 - 5,613 13 - 9,763 63 Sub Total 22,720.38 28,442.41 2't,9't0.80 51,202 79 47,695.07 1.00,883.55 26,676.1 5 32.883.80 25.530.07 59.559.95 54.859.1 9 1.11 001 41 Add: Exceptional llems 7.2AA 47 4 59322 7 288 47 4 59322 4 593 22 6.479 26 3 026 57 6,879 26 3,026 57 3,026 57 Ptoli! Loss) trom Ordinary Activlties befoe Tax 30.008.85 24.442 4',1 25.504.02 58.49't 26 52.289 29 1.05.476.78 33.555.41 32,883.80 28,656.64 66.439 2t 57,885.76 t,'t4,027 98 6 970 90 7 361 '19 6 344 35 14 332 09 12 969 18 25 444 77 7 8',t3 94 8 304 76 7,152 15 '16,118 70 14.754 63 28,859 51 Net Proflu (Loss) betore share in profil of associates and minority inlerest 23,037.95 21,121 22 20,1 59.67 44,159.17 39,320 1'l 80,032.01 25,741 47 24,579.O4 21,504.49 50,320.sr 43,1 31.1 3 85,'t 68.47 476 12 541 85 356 10 1.O17 97 850 84 1.497 20 norily lnteresl 856 43 1 007 89 723 26 1,864 32 1 ,643 17 3,366 89 Net ProfiU (Lossl I 23.037 95 21.121.22 20.1 59.67 44.159.17 39.320.1 1 80.032 01 25.351.16 24.1 I 3.00 21.137 33 49,474.16 42,338 80 83,298 78 3 a 20,16 560 29 19.32.245 20 18.47.916 12 20.'16.fio 29 18,47,916 12 20.41 ffi315 '18 56 384 37 '18 56,384 37 20.44.902 A4 b Corporate, Wholesale Banking operations 23,69,O28 77 22,90,307 A7 19 97 550 46 23,69,O2A77 1 9,97,550 46 22,64,501 U 24,06,686 21 23.26.512 33 20 26 267 47 24.06 686 21 c Retail Banking operalions (i) + (iil 34 4226034 32 42993 66 u,51,504 21 33 83,497 73 30 95 508 78 u,s't,5u21 30 95 508 78 32.53.722 01 I Diqital Banking 29 838 46 30.1 30 30 37 497 44 29 838 46 37 497 44 31 79'1 06 29 854 91 30 146 42 38 689 75 29,854 91 38 689 75 33,132 81 (iil other Retail Banking 34 12.421 8A 33,43,973 31 30.51.257 49 30.51.257 49 32.11 .202 60 33 53 351 31 32 20,549 20 d s.6,52372 5,59,057 02 5.13 737 34 5 66 523 72 5 ',t3 737 34 e Other Banking operations '1,46 675 18 1,25,598 26 1,27 43492 '1,46.675 18 1.27 43492 1.20.366 06 I Unallocated 59 943 20 65 588 29 53 247 21 59 943 20 53 247 21 73 853 36 60.184 1'l 65,829 37 54,066 73 60.184 't 't 54.066 73 74,641 95 Total 78,87,792 60 76.62.244 97 69 87 468-72 74.47 792 60 a9 a7.46a.72 76,23,O12.O1 86,58,538 88 44,03,229 25 76,73.399 61 86,58,538.88 ,t a rasury operations 1449927 14 '18'16 213 6't 18 24 066 77 17,92,1'11 65 16,64,886 73 18.25,029 66 16,64,886 73 '17, ,425 82 b Corporalc/ Wholesale Banking operations 20 86 133 77 2000.277 20 18 09 051 59 18 09,051 59 20.22 716 81 184544804 't8,45,448 04 20,59 658 62 c R€tail Bankinq operaiions lil + (iil 31 47 362 99 30,70,71 0 28 27,75,343 53 31,47,362 99 27,75,U3 53 30,08,357 87 31,75,951 94 2800767 58 lil Diqital Banking 12,69 081 59 1 1 96,584 68 1 0,30 988 93 12,69,081 59 10 30 988 93 11,27 ,336 27 12.69.263 7 5 '11,96.793 93 10,31,185 53 12.69.263 75 other Retail Banking 18 78 281 40 18 74 125 60 17 4435460 1874241 40 18 81 021 60 '19,06,688 19 19,02 422 82 '17,69,582 05 '19,06,688 19 1 7,69,582 05 19,08,797 40 d lnsurance BusineS3 5.40 907 90 5 33 670 58 A 90 244 AO 5 40 907 90 4,90,244 AO 5 02 359 36 e Olher Bankinq oDerations 92.585 61 88.726 65 90 435 73 92 585 61 90 435 73 8571708 I Unallocated 2,O4,742 A1 2,08,253 10 1,90,677 49 2M,74241 1,90,677 49 2 23 428 28 2,26,541 50 2,24,704 05 2,'12,304 43 2.26.541 50 2.12 304 43 2.44 513 65 & 5,99,585 89 5 66 830 78 5 18 059 27 5,99,585 89 5,18,059 27 5 44 Lt2 2A 6,71,592 24 6,2't,939 73 5,69,31 2.30 6,7't.592.24 5.69.31 2.30 5.96.1 30 87 Total 7A A7 792 60 76 62.244 97 69 87 468 72 78 87 792 60 69-87 468 72 76 27 012 01 86.58.538.88 84,03,229 25 ' Srgrent Net ReEulls aE arived afrer taklng the €trects ot TEns?er Prlclng. Seqmenl Kevenue Segment Assets Treasuru ooeralions 5eqmenl LraDtltrres
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STATE BANK OF INDIA CORPORATE CENTRE, MUMBAI .4OO 021 SUMMARISED STATEMENT OF ASSETS & LIABILITIES UNAUDITED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025 Tho banker lo ewry irrdie s. No Particulars 1 a Capital 923 08 923 06 923 06 923 08 923 06 923 06 b Reseryes & surplus 5 98 662 81 5.'t7 136 21 5.43.519 22 6,70.669 16 5,68,389 24 5.95.207 81 c Minoritv inlerest 21.176 g9 19,612 9.1 1 8.768 28 d Deposits 62,77,919 02 55,91,700 41 59,75,642 12 63,47,305 36 56,55,559 42 60,43,097 12 e Borrowings 6,89,511 40 6,00,551 03 7,3 t,253 80 7 ,41,290 77 6,50,303 27 7,77,302 15 f Other liabilitles and Drovisions 3 20 776 29 2 77 158 01 37167381 I 77 173 62 77861171 8 86 270 15 Total 74.47.792.60 69.87.468.72 76.23.O',t2.O1 86.58.538.88 76.73.399.6'l 83.2't.568.57 2 Assets a Cash and balances with Reserue Bank of lndia 2.20,O83 25 2,72.575 28 2,68,445 30 2.20.334 72 2.73.476 97 2,68.681 74 b 1.14,050 19 '1.19.753 32 1,16,114 53 1.33,81 1 1 | 1 ,40,166 48 1,33,161 47 c lnvestments 18,64,676 65 17 ,28,O79 71 '18,01,254 08 24,86,333 94 22,76,621 25 23,59,502 17 d Advances 5't ,54,322 98 43,61,736 98 48 77 894 83 52 60 608 80 44 57.752 14 49.78.013 21 e Fixed assets 55.565 91 52.094 20 54.790 35 57,949 69 54.362 50 57.152 10 l Other assets 4.79,093 62 4.53.229 23 5.04.5't2 92 4,99,500 62 4.71.O20 27 5.25.057 88 78.87.792.60 69.87,458.72 76,23,012.01 86,58,538.88 76,73,399.61 83,21,568.57 PARTICULARS Standalone Consolidated Half year ended Year ended Half year ended Year ended 30.09.2025 (Unaudlted) 30.09.2025 (Unaudited) 3't.03.2026 (Audited) 30.09.2026 (Unaudited) 30.09.2025 (Unaudlted) 31.03.2026 (Audltcd) CASH FLOW FROM OPERATING ACTIVITIES minority interest) 58,491 26 52.289 29 't,o5,476 78 65,592 86 57,093 43 't,12,',158 29 2,460 33 2,036 91 4,270 20 2,757 92 2,313 83 4.829 72 (Profit)lLoss on sale o, Fixed Assets (Net) -337 009 335 -071 556 732 (Protit)/Loss on revaluation ot lnvestmenls (Netl - 1,050 89 - 1,733 30 2.932't1 953 74 'l 763'12 3 820 t6 lPro(ill rloss on sale ol lnvestmenls in Subsidiaries/Joinl Venlures, Associates - 7 ,288 47 - 4.618 68 - 4,618 68 - 6.879 26 2.384 41 - 2,384 41 6,11811 9,066 38 15,422 50 7,453 87 11.142 20 't 9,350 08 853 59 879 70 1 ,607 69 914 09 974 38 1,682 96 Provision on non-pertominq lnvestments - 208 79 -8776 -1433 - 209 28 -8933 -1433 Olher orovisions includino orovision lor conlinoencies 2.s00 72 301 00 522 54 2.504 89 314 16 532 54 lncome from investment in Subsidiaries/Joint Venlures / Associales - 239 45 - 295 90 - 4,985 20 Share in Profit of Associates - 1.017 97 850 84 - 1,497 20 lncome lrom investment in Associalcs -o29 -040 U IU lnterest charged on Capital lnstrumenls 3.596 1 6 3 719 90 7.108 04 3.7 42 77 3,790 23 7,397 27 65,229.20 6 l,557.6: 1,27 ,717 .30 73,905.'t 5 70,s45.69 1,45.881.70 lncrease/(Oecreasel in Deposits 3,02,276 90 2,09,5 10 88 5,93,452 59 3,04,208 23 2,15,661 40 6,03,199 1 1 lncreaserlDecreasel in Boriowinos other lhan Caoital lnslrum.nts - 42.433 40 47.978 51 1.73,830 28 - 36,712 37 50.250 52 1.72.378 40 (lncea6eyDecEase in lnvestments other than lnvcatment in Sub6idiarier / Joint VentuEs , Associates 51,013 46 37,381 60 - 1,20,372 53 - 99.736 94 - 70,712 13 - 1,62,060 62 llncreasel/Decrease in Advanc.s - 2,82,546 27 - 2.07.491 26 - 7 ,30,O05 22 - 2.90.049 46 - 2.18,063 60 - 7 ,46.532 s5 lncrease/{Decreasel in Olher Liabilities 36,442 52 1.112 46 79,O49 7 5 5.569 62 33,794 50 1,24,269 99 {lnc@ase)rDecrease in Other Assets 15,992 57 18,560 06 ao nor rT 16.974 24 - 18,635 01 - 62,715 67 - 28,936.98 56,726.56 54.s79.90 25.841.s3 62,84 t.37 74,420.36 Tar rctund / {Tares oaidl - 8,448 77 10,271 66 - 32.685 79 - 9.988 1 1 - 12,062 99 - 36,322 97 NET CASH GENERATEO FROM / IUSED IN) OPERATING ACTIVITIES ta) - 37,385.75 46.454.90 31,894.'t 1 35,829.64 50.778.38 38.097.39 L Total Adiu<tm.nti f.r' D€orecialion on Fired Assets Adiustments for: ,( dy
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PARTICULARS Standalone Consolidated Halt year ended Year ended Halt year ended Year ended 30.09.2025 (Unaudited) 30.09.2025 (Unaudlted) 31.03.2026 (Audlted) 30.09.2026 (Unaudited) 30.09 2025 (Unaudited) 31.03 2026 (Audited) CASH FLOW FROM INVESTING ACTIVITIES - 1.747 36 - 1,747 36 - 108 27 108 27 Proceeds trom sale ol lnvestments in Subsidiaries, Joint Ventures/ Associates 7.290 40 10,342 76 10,892 77 6,879 26 7,779 41 7,779 42 lncome received lrom lnvestmenl in Subsidiaries / Joint Ventures / Associates 217 02 291 43 5,012 30 lncome received taom lnvestment in Associates 028 060 093 llncreasel lDecrease in Fixed Assets - 3.211 26 - 2,55',t 79 - 7,440 69 - 3,554 80 - 3,055 40 - 8,362 96 NET CASH GENERATED FROM / (USEO IN) INVESTING ACTIVITIES (B) 4,296.1 6 6,335.04 6,717.02 3,324.74 4,616.34 - 690.88 CASH FLOW FROM FINANCING ACTIVITIES Proced! from i5sue of equity sharei including sharc premium nat ot.h.E iasue exPentesi 237 24,994 15 24,994 53 237 24,994 15 24,994 53 lssue of Capibl lnslruments 4,691 00 13,551 00 4.69'l 00 187 50 1 3.738 50 Redemption of Capitrl lnstruments - 4,000 00 - 11 ,000 00 - 19,700 00 - 3,990 00 - '10,992 00 - 19,672 00 lnlercst paid on Capital lnstruments - 3.108 92 - 3.855 59 - 7.457 87 3.241 22 - 3.909 1 1 7.721 71 Dividend oaid - 16.0'1512 - '14.190 15 - 14.190 15 - 16.015 12 - 14,190 15 14,190 15 Dividend tax oaid bv Subsidiaries/Joinl Ventures -335 -286 -41 00 lncrea6ellDecrease) in Minority lntercst 2A09 73 304 31 - 535.31 NET CASH GENERATED FROM / (USED IN) FINANCING ACTIVITIES (c) - r8.430.67 - 4.051.59 - 2.AO2.49 - 16.146.59 - 3.608.16 3.427.'.t4 EFFECT OF EXCHANGE FLUCTUATION ON TRANSLATION RESERVE (o) 1,093 87 3,360 56 8,521 50 954 11 3 923 95 9 930 90 NET INCREASE / (DECREASE) lN CASH AND CASH EQUTVALENTS (A)+(B)+(C)+(D) - 50,426.39 52,098.91 44,330.14 - 47.697.38 55.7'10.51 43.g'.t0.27 CASH AND CASH EOUIVALENTS AS AT lST APRIL 3,84,559.83 3,40,229.69 3,40,229.69 4,01,843.21 3,57,932.94 3.s7.932.94 CASH AND CASH EQUIVALENTS AS AT END OF THE REPORTING PERIOO 3.34.1 33.44 3.92.328.60 3.84.559.83 3.54.145.83 4.13,643.45 4,0't,843.21 equitysharestotheeligibleQualiliedlnslitulional Buyers(OlBs),pro@edsolwhichare124,994'l5Crcre OnAugusl2l,2026,Equitysh.resamountingtot237 of disputo tor titie ol Right lssue 2008 30.09.2026 30.09.2025 31.03.2026 30.09.2026 30.09.2025 31.03.2026 2,20,083 25 2,72,575.28 2,68,445 30 2,20,334 72 2,73,476 97 2,65,601 74 2 Cash rlow trom op€Eting aclivilies i! rcporled by using indiecl method. 'During the linancial year end€d 31 03 2025, the bank allolted Crcc werc issu€d out of sharos held in abeyan@ lor resoluton Note!: 1 Comporenls of C.sh & Caah Equivalenb a3 at: Cash & Balances wilh Reserye Bank of lndia Balances with Banks and money al ell & shorl nolice Rama Mohan Managing Total Amara (RB & O) Managing Tewari & Subsidiaries) Rana Ashutosh Kumar Managing Setty Ch?imap Place: Mumbai Date: November 3,2026
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tubfib.q* Notes on Standalone Financial Results: 1. The above financial results for the quarter and half year ended 30th September 2026 have been drawn from the financial statements prepared in accordance with Accounting Standard (AS-25) on 'lnterim Financial Reporting', the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of lndia ('RBl')from time to time, other accounting principles generally accepted in lndia and as per the requirements of amended SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5. 2. The above financial results for the quarter and half year ended 30th September 2026 have been reviewed by the Audit Committee of the Board at its meeting held on 2nd November 2026 and approved by the Board of Directors at its meeting held on 3'd November 2026. These financial results have been subjected to limited review by the Statutory CentralAuditors of the Bank. 3. The Bank has continued to follow the significant accounting policies and practices in preparation of the financial results for the quarter and half year ended 30th September 2026, as followed in the previous financial year ended 31't March 2026. 4. The above financial results for the quarter and half year ended 30th September 2026 have been arrived at after considering necessary provisions for Non-performing Assets (NPAs), Standard Assets, Standard Derivative Exposures, Restructured Assets, Non-Performing lnvestments, Contingencies, Employee Benefits, Direct Taxes (after adjustment for Deferred Tax) and other assets/items. 5. Other income of the Bank includes commission from non-fund-based activities, fee income, earnings from foreign exchange and derivative transactions, profit or loss on sale/revaluation of investments, dividend from subsidiaries and recoveries made in written off accounts. 6. ln terms of the RBI Guidelines, the Pillar 3 disclosures including leverage ratio as per Prudential Norms on CapitalAdequacy are available on our website in the following link: https.//sbi ba nk. in/web/corporate- oovernance/basel-lll-disclosures. The disclosure of Liquidity Coverage Ratio and Net Stable Funding Ratio (NSFR) is available on the following link: https://sbi.bank.in/web/corporate-sovernance/corporate- qovernance. These disclosures have not been subjected to Limited Review by the Statutory Central Auditors. 7. As per Reserve Bank of lndia (Commercial Banks - Classification, Valuation, and Operation of lnvestment Portfolio) Second Amendment Directions,2026 dated 18th May 2026, the requirement of lnvestment Fluctuation Reserve (lFR) is discontinued with immediate effect. Accordingly, the Bank has transferred the entire balance in IFR of 111 ,522.30 Crore to the General Reserve during half year ended 30th September 2026. 8. Based on the available financial statements and the declaration by the borrowers, the Bank has estimated the liability for Unhedged Foreign Currency Exposures in terms of RBI Directions on "Credit Risk Management" issued vide Circular no. RBI/DORl2025-261157 DOR.CRE.REC.76/07-02-00112025- 26 dated 28th November 2025 and is holding a provision of t3'17.55 Crore as on 30th September 2026. 9. Provision Coverage Ratio (PCR) as on 30th September 2026 is 74.43o/o. PCR with AUCA is 91.83%. Advance Under Collection Account (AUCA) represents accounts to the extent fully provided and transferred to a separate head, amounting to {1,54,399.98 Crore with a clear purpose of cleaning the Balance Sheet. Of these, AUCA amounting to 725,734.58 Crore is more than 10 years old; {82,580.94 Crore is more than 5 years but less than 10 years old and AUCA amounting to t46,084.46 Crore is up to 5 years old d1 rX t-v
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tubtuEryr& 10. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, the Bank has divested its 6.30% stake comprising 12,83,34,397 equity shares in SBI Funds Management Limited (a subsidiary) through pre-lPO and Offer for Sale under lPO. Consequently, the stake of Bank in SBI Funds Management Limited stands at 55.56% as on 30th September 2026. The pretax profit of 77,288.47 Crore on sale of stake is disclosed in the financial results as an "Exceptional ltem" for the half year ended on 30th September 2026. Pursuant to sale of stake of 13.1 8o/o in Yes Bank Ltd. during half year ended 30th September 2025, Bank received a pre-tax profit of <4,593.22 Crore which was shown as an "Exceptional ltem" for the half year ended on 30th September 2025. 11. The Bank divested 0.65% out of 3.23% stake held in National Stock Exchange through IPO on 24th September 2026, earning a post tax profit of t2,409.63 crore. The Bank also divested 3.37o/o out of 19.95o/o stake held inARC|L in the company's IPO on 17th September 2026, earning a post tax profit of <81.46 crore. ln accordance with amended RBI (Commercial Banks - Classification, Valuation, and Operation of lnvestment Portfolio) Directions, 2025 dated 28th November 2025, these profits were credited to Capital reserve without routing through Profit and Loss Account. 12. ln terms of RBI circular DOR. No. BP.BC13121.04.04812020-21 dated 6th August 2020 (Resolution Framework 1.0), and DOR.STR.REC.11l21.04.04812021-22 dated Sth May 2021 (Resolution Framework 2.0), the details of resolution plan as on 30th September 2026 are as follows: ({ in Crore) Type of borrower (A) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of the previous half-year (B) of (A), aggregate debt that slipped into NPA during the half-year (c) of (A) amount written off during the half-year (D) of (A) amount paid by the borrowers during the half year (E) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of this half-year (A)-(B)-(c)-(D) Personal Loans 7,408 99 85.52 544 05 6,779.42 Corporate persons (of which, MSMEs are) 2,590.93 2,318.22 48 32 48.32 404.19 354.67 2,138.42 1,915.23 Others Total 9,999.92 133.84 948.24 8,917.84 13. Details of loan transferred / acquired during the half year ended 30th September 2026 in terms of RBI's Directions on "Transfer and Distribution of Credit Risk" issued vide Circular no. RBI/DOR|2025-261159 DOR.STR.REC.No.78l21.O4.04812025-26 dated 28th November 2025 are given below. Sale of Loans (Domestic): a. The Bank has not transferred any Special Mention Account (SMA) and loans which are not in default. b. There are no sales through novation and loan participation during the half-year ended 30th September 2026. However, details of non-performing assets (NPAs) transferred by domestic branches on assignment basis are as follows: V v {^AYk 7u
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tub&lo.ryrt (ln { Crore) c. The quantum of excess provision reversed to the Profit and Loss Account is respect of above NPAs sold is NlL. d. During the half-year ended on 30th September 2026, investments made in security receipts backed by NPAs is NlL. e. The Security Receipts other than those guaranteed by Government of lndia are fully provided for and hence the carrying value is NIL across various categories of ratings assigned to Security Receipts. Rating wise distribution of Security Receipts as on 30th September 2026 is as follows. lnt Sale of Loans (Overseas): a. Details of loans not in default transferred by overseas branches during half year ended 30th Transferred through assignment Particulars To ARCs To permitted transferees To other transferees (Please specify if anv) Number of accounts 13 5 Aggregate principal outstanding of loans transferred 415.47 74.63 Weighted average residual tenor of the loans transferred (Years) Net book value of loans transferred (at the time of transfer) 9.71 Aggregate consideration 253.86 58.91 Additional consideration realized in respect of accounts transferred in earlier years 142.61 Weighted average holding period of the loans transferred (Years) Retention of beneficial economic interest (%) Tangible Security Coverage (%) Provision held Net Amount Rating Face Value Carrying Value (Al) Securities not backed by Government Guarantee ) 24.00RR1+ ii) RR1 10.04 i ii) RR2 14 76 iv) RR3 20.90 v) RR4 33.09 vi) RR5 144.59 3.24 3.24 vii) Not rated 10,397.01 5,425.27 5,425 27 Sub Total (Al) 10,644.39 5,428.51 5,428.s'.|. (A2) Government Guaranteed Security Receipts ) RR1 + 73.95 73 95 73.95 ) RR1 3,042.94 3,042.943,042.94 20.26iii) RR2 27.85 20.26 Sub Total (A2) 3,14/,.74 3,137.15 3,'137.15 5,428.51 3,137.15Total(A) (A1+A2) 13,789.13 8,565.66 (B) Security Receipts purchased and held as lnvestments ) Not Rated 0.35 0.35 0.35 Sub Total (B) 0.35 0.35 0.3s Total(A+B) 13,789.48 8,566.01 5,428.86 3,137.15 .( ,^r/qtv
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tubeErytt (in t Crore) Transferred through assignment Transferred through loan participation Particulars To ARCs To permitted transferees To other transfere ES (Please specify if anv) To ARCs To other transfere ES (Please specify if any) Number of accounts 4 5 Aggregate principal outstanding of loans transferred 584.4 2,871.00 Weighted average residual tenor of the loans transferred (Years) 5.14 3.43 Net book value of loans transferred (at the time of transfer) 584.44 1 ,124 77 Aggregate consideration 580.51 1,117.67 Additional consideration realized in respect of accounts transferred in earlier years Weighted average holding period of the loans transferred (Years) Retention of beneficial economic interest (o/r) Tangible Security Coverage (%) 53.88 b. There is no sale through novation during the half-year ended 30th September 2026. c. The quantum of excess provision reversed to the Profit and LossAccount during half-year ended on 30th September 2026in respect of above NPAs sold is NlL. Purchase of Loans (Domestic) a) The Bank has not acquired any stressed loan during half year ended 30th September 2026 b) The Bank has purchased homogeneous loan assets which are not in default from NBFCs/HFCs/MFls under Direct Assignment Route. During the half year ended 30th September 2026, the Bank has purchased secured home loans and secured & unsecured SME andAgri (ABU) loans. Details of loans not in default acquired through assignment during the half year ended 30th September 2026, are given below tn t V U.v From SCBs, RRBs, UCBs, SlCBs, DCCBS, AlFls, SFBs and NBFCs including Housing Finance Companies (HFCs) Secured Loan Unsecured Loan Aggregate amount of loans acquired 8,160 08 2,549 71 Aggregate consideration paid 7,229 11 2166 73 Weighted average residual tenor of the loans acquired (years) 888 1.52 Weighted average holding period by the originator (years) 1.26 050 Retention of the beneficial economic interest by the originator (%) 11 41 15 02 Iangible Security Coverage (%) 269 41 NA b\ { *yv To permitted transferee S
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a c) There are no purchases through novation and loan participation during the half year ended 30th September 2026. d) The loans acquired are not rated as these are not corporate borrowers e) Rating of pool under direct assignment is not mandatory, accordingly as per lndustry Practice and Bank's Assignment Policy, Loss Estimates are obtained from External Rating Agency. Purchase of Loans (Overseas): Loans not in default acquired by overseas branches during the quarter and half year ended 30th September 2026 are as follows: (in { Crore) c Rating wise distribution of loans not in default acquired in overseas markets. ({ in Crore) Acquired through assignment Acquired through novation Acquired through loan participation From SCBs, RRBs, UCBs, SlCBs, DCCBs, AlFls, SFBs and NBFCs including Housing Finance Companies (HFCs) Secured Loan Unsecured Loan Secured Loan Unsecured Loan Secured Loan Unsecured Loan Aggregate amount of loans acquired 2,185.58 134.11 4,078.29 315.74 Aggregate consideration paid 2,196.58 134.11 1,523.00 315.74 Weighted average residual tenor of the loans acquired (years) 536 1.70 0.21 Weighted average holding period by the originator (years) 1.40 Retention of the beneficial economic interest by the originator (%) 782.53 Tangible Security Coverage (%) 63 25 315.74 Sl No Rating Aggregate principal outstanding of loans acquired Outstanding as on 30th September 2026 1 SB-8, MoodysBl, SnP BB- 163.28 163.28 2 Unrated 1,811.28 1,811 28 3 Moody's -Ba2 1,921.99 1,921 99 4 Fitch BBB 479 13 479.13 5 B(Fitch and S&P) 315 74 315 74 6 BB 2,02229 2,022.29 \-V {\,/ *)-V tubtubqh/L b. There is no loan acquired from ARCs. 0.33
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tubdbqts& 14. The Bank has, during the quarter and half-year ended 30th September 2026, allotted 1 ,49,200 equity shares of face value of tl/- each as per the terms of Rights lssue 2008, kept in abeyance for dispute of title to Right issue. Post allotment, the Paid-up Equity Share Capital of the Bank increased from <923.06 Crore to 1923.08 Crore comprising of 923,07,66,786 equity shares of face value t1 each and share premium has increased from <1,04,079.54 Crore to {1,04,081.89 Crore. 15. Yes Bank Limited is an associate of the Bank, in which the Bank holds a 10.78o/o equity stake as on 30th September 2026. The Hon'ble Supreme Court of lndia, vide its judgment dated 1Sth October 2026, in the matter relating to the write-down of Additional Tier-l (AT-l) Bonds aggregating to 18,415 Crore undertaken in March 2020in connection with the reconstruction of Yes Bank Limited, upheld the judgment dated 20th January 2023 of the Hon'ble Bombay High Court and dismissed the appeals filed by Yes Bank Limited, its Administrator, RBI and the Union of lndia. Yes Bank Limited is evaluating the consequential implication out of the Judgement including financial and accounting aspects. Pending such evaluation, no provision for impairment, is considered by the Bank in the financial results of the Bank for the quarter and half year ended 30th September 2026. 16.As per RBI/DOR12025-261159 DOR.STR.REC.No.78l21.04.04812025-26 "RBl (Commercial Banks- Transfer and Distribution of Credit Risk) Directions, 2025" dated 28th November 2025, necessary details of Co-Lending Arrangements (CLAs) on aggregate basis are as under: st. No Particulars As on 30th September 2026 1 Quantum of CLAs ({ in Crore) 898.26 2 Weightage average rate of interest 18.90 3 Fees Charged (Processing Fee) ({ in Crore) 2.19 4 Broad Sectors MFlffractor loan 5 Performance of loans under CLA (t in Crore) 177 60 6 Details related to default loss guarantee NIL 17.The Bank has sought guidance from IBA on the treatment of Special Allowance as per Bi-partite settlement under the Labour code of Wages, 2019 and impact if any would be dealt with appropriately, after receipt of necessary clarification from lBA. 18. Disclosure of Projects under implementation accounts in terms of Chapter Vll-Project Finance of RBI Directions on "Credit Facilities" issued vide Circular no. RBI/DOR/2025-261154 DOR.CRE.REC.73107- 01-00112025-26 dated 28th November 2025 is given betow: (in t Crore) Sl. No Item Description Number of accounts Total outstanding 1 2,089 79,162 81 2 Projects under implementation accounts sanctioned during the quarter. 71 2,927.68 $\%*\ f\,/eb v Projects under implementation accounts at the beginning of the quarter.
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tubtubry* 19. lnvestor's complaints received and disposed off during the quarter ended 30th September 2026 are Particulars Number of Complaints l. Pending at beginning of the quarter Nit ll. Received during the quarter 104 lll. Disposed during the quarter 104 lV. Unresolved at the end of the quarter Nit 20. The figures for the quarter ended 30th September 2026 are the balancing figures between the figures as per the reviewed financial statements for the half year ended 30th September 2026 and the published figures for the quarter ended 30th June 2026. Sl. No Item Description Number of accounts Total outstanding 3 Projects under implementation accounts where DCCO has been achieved during the quarter 111 6,021.57 4 Projects under implementation accounts at the end of the quarter. (1+2-3) 2,049 76,068 92 5 Out of '4' - accounts in respect of which resolution process involving extension in original/extended DCCO, as the case may be has been invoked. 372 10,457.73 5.1 Out of '5' - accounts in respect of which Resolution plan has been implemented. 77 5,460 65 5.2 Out of '5' - accounts in respect of which Resolution plan is under implementation. 290 4,929 49 5.3 Out of '5'- accounts in respect of which Resolution plan has failed. 5 67.59 6 Out of '5', accounts in respect of which resolution process involving extension in original/extended DCCO, as the case may be has been invoked due to change in scope and size of the project. 7 Out of '5', account in respect of which cost overrun associated with extension in original/extended DCCO, as the case may be, was funded 7.1 Out of '7', accounts where SBCF was sanctioned during financial closure and renewed continuously 7.2 Out of '7', accounts where SBCF was not pre-sanctioned or renewed continuously 8 Out of '4' - accounts in respect of which resolution process not involving extension in original/extended DCCO, as the case may be has been invoked. I 50 12 81 Out of '8' - accounts in respect of which Resolution plan has been implemented. 8.2 Out of '8' - accounts in respect of which Resolution plan is under implementation. 1 50.12 8.3 Out of '8' - accounts in respect of which Resolution plan has failed. %^ tu^/ q
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rkb.q* 21. Previous period I year figures have been regrouped / reclassified, wherever necessary, to conform to current period classification. (R, C & SARG) Rana Ashutosh Managi (tB, GM & T) Gha! ivasulu Setty Chairman For Vinod Kumar & Associates Chartered Accountants FRN:002304N CA Jain Partner: M. No.444165 (CB & Subsidiaries) For Rama K Gupta & Co. Chartered Accountants 005005c ForRGNPrice&Co. Chartered Accountants FRN: 0027855 CA P.M. Veeramani Partner: M. No. 023933 For Varma & Varma Chartered Accountants FRN: 0045325 CA K. Gopi Partner: M. No. 214435 ForOPBagla&CoLLP Chartered Accounta 91 No. 51084'l For M Bhaskara Rao & Co Chartered Accountants FRN CA K.S. tt/ahidhar Partner. M. No. 220881 Place: Mumbai Date: 03'd November 2026 Ram Amara Managing Director (RB & o) h Kumar Tewari ing Director rGu Partner: M. No. 429684 ForBCJain&Co. Chartered Accountants For Gopal Sharma & Co. Chartered Accountants FRN: 002803C ("* t'/L CA Rakesh Kumar Sharma Partner: M No. 300897 FoTSGCO&Co.LLP Chartered Accountants FRN: 112081WAIV100184 CA Suresh Partner: M. No. 044739 CA Shyam Ji Gupta Partner: M. No. 416155 For Ashwani & Associates Chartered Accountants FRN:000497N + \*^\ Bl^url"* FRN. OO1 CA Kul Bhushan Goyal Partner: M. No. 090569 FRN:
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tutE&b.q)r"tr'v I Notes on Consolidated Financial Results 1. The above consolidated financial results for the quarter and half year ended 30th September 2026 have been drawn from Consolidated Financial Statements prepared in accordance with Accounting Standard (AS) 25 on "lnterim Financial Reporting", the relevant provisions of the Banking Regulation Act 1949, the circulars, guidelines and directions issued by the Reserve Bank of lndia (RBl), lnsurance Regulatory and Development Authority of lndia (lRDAI), Pension Fund Regulatory and Development Authority (PFRDA), SEBI (Mutual Funds) Regulations, 1996 from time to time and Accounting Standards notified under the Companies (Accounting Standards) Rules, 2021 and as per the requirements of amended SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5. 2. The above consolidated financial results for the quarter and half year ended 30th September 2026 have been reviewed by the Audit Committee of the Board at its meeting held on 2nd November 2026 and approved by the Board of Directors at its meeting held on 3'd November 2026. These consolidated financial results have been subjected to limited review by the Statutory Central Auditor of the Bank. 3. The above consolidated financial results for the quarter and half year ended 30th September 2026 have been arrived at after considering necessary provisions for Non-Performing Assets (NPAs), Standard Assets, Standard Derivative Exposures, Restructured Assets, Non-Performing lnvestments, Contingencies, Employee Benefits, Direct Taxes (after adjustment for Deferred Tax) and other assets / items. 4. Other income of SBI Group includes commission from non-fund-based activities, fee income, earnings from foreign exchange and derivative transactions, profit or loss on sale / revaluation of investments, insurance premium income and recoveries made in written-off accounts. 5. The Group has continued to follow the significant accounting policies and practices in preparation of the consolidated financial results for the quafter and half year ended 30th September 2026, as followed in the previous financial year ended 31't March 2026. 6. The above consolidated financial results of State Bank of lndia ('SBl' or'the Bank') include the results of SBI and its 27 Subsidiaries, 5 Joint Ventures and 12 Associates (including 9 Regional Rural Banks), referred to as the "Group". 7. Pursuant to regulatory approval obtained from the Reserve Bank of lndia, the Bank has divested its 6.30% stake comprising 12,83,34,397 equity shares in SBI Funds Management Limited (a subsidiary) through pre-lPO and Offer for Sale under lPO. Consequently, the stake of SBI in SBI Funds Management Limited has reduced from 61.86% to 55.56% and the stake of SBI Group in SBI Funds Management (lnternational) Private Limited & SBI Funds lnternational (IFSC) Limited has reduced from 61.86% to 55.56% and stake of SBI Group in SBI Pension Funds Private Limited has reduced from 92.37o/o to 91.11o/o as on 30th September 2026.The pretax profit of {6,879.26 Crore (net of adjustments as per Accounting Standard 21 - 'Consolidated Financial Statements') on sale of stake is disclosed in the consolidated financial results as an "Exceptional ltem" for the half year ended 30th September 2026. Pursuant to sale of stake of 13.18o/o in Yes Bank Ltd. (an associate), the pre-tax profit of <3,026.57 Crore (net of adjustments as per Accounting Standard 23 - 'Accounting for lnvestments in Associates in Consolidated Financial Statements') was disclosed in the consolidated financial results as an "Exceptional ltem" for the half year ended 30th September 2025. 0 v
Page 15
ftb&bryi*t 8. The Bank and SBI Capital Markets Ltd. (a subsidiary) divested an aggregate 1.00% out of 7.56% stake held in National Stock Exchange through IPO on 24th September 2026, earning a post-tax profit of <3,724.43 Crore. The Bank also divested 3.37o/o out of 19.95o/o stake held in ARCIL through IPO on 17th September 2026, earning a post{ax profit of <81.46 Crore. ln accordance with amended RBI (Commercial Banks - Classification, Valuation, and Operation of lnvestment Portfolio) Directions,2025 dated 28th November2025, these profits were credited to Capital Reserve without routing through Profit & Loss Account. 9. Pursuant to exercise of options under the approved Employee Stock Option Plan (ESOP), following group entities have issued equity shares to their eligible employees: - SBI Life lnsurance Company Limited has allotted 3,12,952 equity shares of t10 each during the half year ended 30th September 2026. Consequently, the stake of SBI in SBI Life lnsurance Company Limited has reduced from 55.33% to 55.31%. ll. SBI Cards and Payment Services Limited has allotted 43,532 equity shares of {10 each during the half year ended 30th September 2026. lll. SBI General lnsurance Company Limited has allotted 8,128 equity shares of {10 each during the half year ended 30th September 2026. lV. Yes Bank Limited has allotted 93,10,662 equity shares of {2 each during the half year ended 30th September 2026. 10. SBI Macquarie lnfrastructure Management Pvt. Ltd. and SBI Macquarie lnfrastructure Trustee Pvt. Ltd., jointly controlled entities of SBl, have initiated voluntary liquidation process with effect from 1't April 2026 and it is not material for SBI Group. 1 1 . Yes Bank Limited is an associate of the Bank, in which the Bank holds a 10.78o/o equity stake as on 30th September 2026. The Hon'ble Supreme Court of lndia, vide its judgment dated 1Sth October 2026, in the matter relating to the write-down of Additional Tier-l (AT-l) Bonds aggregating to {8,415 Crore undefiaken in March 2020 in connection with the reconstruction of Yes Bank Limited, upheld the judgment dated 20th January 2023 of the Hon'ble Bombay High Court and dismissed the appeals filed by Yes Bank Limited, its Administrator, RBI and the Union of lndia. Yes Bank Limited is evaluating the consequential implication out of the Judgement including financial and accounting aspects. Pending such evaluation, no provision including provision for impairment, is considered by the Bank in the financial results of the Bank for the quarter and half year ended 30th September 2026. 12. The Bank has, during the quarter and half year ended 30th September 2026, allotted 1,49,200 equity shares of face value of t'l/- each as per the terms of Rights lssue 2008, kept in abeyance for dispute of title to Right issue. Post allotment, the Paid-up Equity Share Capital of the Bank increased from t923.06 Crore to <923.08 Crore comprising of 923,07,66,786 equity shares of face value {1 each and share premium has increased from <1,04,079.54 Crore to {1,04,081.89 Crore. 13. The Bank has sought guidance from IBA on the treatment of Special Allowance as per Bi-partite settlement under the Labour code of Wages, 2019 and impact if any would be dealt with appropriately, after receipt of necessary clarification from lBA. 0\
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tubnbloeay '.rv. 14. As per Reserve Bank of lndia (Commercial Banks - Classification, Valuation, and Operation of lnvestment Portfolio) Second Amendment Directions, 2026 dated 18th May 2026, the requirement of lnvestment Fluctuation Reserve (lFR) is discontinued with immediate effect. Accordingly, SBI has transferred the entire balance in IFR of {11,522.30 Crore to the General Reserve during the half year ended 30th September 2026. 15. The figures for the quarter ended 30th September 2026 are the balancing flg figures as per the reviewed financial statements for the half year ended 30th and the published figures for the quarter ended 30th June 2026. ures between the September 2026 16. ln accordancewith current RBI guidelines, the general clarification issued by lCAl has been considered in the preparation of the consolidated financial results. Accordingly, additional statutory information disclosed in separate financial statements of the parent and its subsidiaries having no bearing on the true and fair view of the consolidated financial results and also the information pertaining to the items which are not material have not been disclosed in the consolidated financial statements in view of the Accounting Standard lnterpretation issued by lCAl. 17. Previous period/ year figures have been regrouped/ reclassified, wherever necessary, to conform to current period classification. (R, C & SARG) Rama Managing Director (RB & O) Cha! Managing Di (tB, GM & T) ulu Setty Tewari Director Subsidiaries) Rao Amara Rana Ash As Ghairfnan ln terms of our Report of even date ForRGNPrice&Co. Chartered Accountants FRN: 0027855 CA P.M. Veeramani Partner M. No.023933 Place: Mumbai Date: 3'd November 2026 /
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2 lndependent Auditors' Review Report on the Unaudited Standalone Financial Results of State Bank of lndia for the quarter and half year ended September 30, 2026, pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To The Board of Directors, State Bank of lndia, State Bank Bhavan, Madame Cama Road, Mumbai - 4OOO21. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of State Bank of lndia ('the Bank') for the quarter and half year ended September 30,2026 ('the Statement') attached herewith, being submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('LODR Regulations') except for the disclosures relating to Pillar 3 disclosure under Basel lll Capital Regulations, Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding ratio as disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us. The Statement, which is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared by the Bank's Management in accordance with the recognition and measurement principles laid down in Accounting Standard 25 'lnterim Financial Reporting' (AS 25) issued by the lnstitute of Chartered Accountants of lndia, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve bank of lndia ('RBl') from time to time ('the RBI Guidelines') and other accounting principles generally accepted in lndia. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity", issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. The financial results include the relevant returns of 30 branches, CentralAccounts Office and Global Market Unit reviewed by us and 21 foreign branches reviewed by the Auditors of the Foreign Branches, specifically appointed for this purpose. These review reports cover Rs.18,44,737.55 Crore of the advance portfolio of the Bank and Rs. 905.99 Crore of the non- performing assets of the said branches of the Bank. Apart from this, the financial results also include un-reviewed returns in respect of 25,976 branches & Offices. We have also relied upon various information and return of these un-reviewed branches. 3 4 \r v % 1 .A
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5 Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited standalone financial results including notes thereon prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement orthat it has not been prepared in accordance with the relevant guidelines / prudential norms issued by the Reserve Bank of lndia in respect of income recognition, asset classification, provisioning and other related matters. ForRGNPrice&Co. Chartered Accountants FRN:0027855 - <UlUtaurye e- CA P.M. Veeramani Partner: M. No.023933 UDI N: 26023933THTUNF201 0 For Vinod Kumar & Associates Chartered Accountants FRN:002304N Partner: M. No.444165 U Dl N : 264441 65QHW| 14359 1 For Rama K Gupta & Co. Chartered Accountants Partner. M. No. 429684 UDI N : 26429684CYXUY137 1 2 For Varma & Varma Chartered Accountants FRN: 0045325 CA K. Gopi Partner: M. No. 214435 U Dl N : 2621 4435DPDHZK8947 For Gopal Sharma & Co. Chartered Accountants CA Rakesh Kumar Sharma Partner: M. No. 300897 UDIN: 26300897FUFUON9304 lLl, 002803c ForBGJain&Co. Chartered Accountants CA Shyam Ji Gupta Partner: M. No. 416155 UDI N : 2641 6155PACTKM470 1 F ForOPBagla&CoLLP Partner: M. No. 510841 ' UDIN: 2651O841GKYAKM1 1 64 1 CA Chartered FRN CA Suresh Mur Partner: M. No.044739 UDI N: 260447 39BHANSB3644 FoTSGCO&Co.LLP Chartered Accountants FRN. 112081W^/v100184 For Ashwani & Associates Chartered Accountants FRN: 000497N CA Kul Bhushan Goyal Partner: M. No. 090569 UDI N: 26090569ENKFCJ7655 \*.\ xl("Q- t"- For M Bhaskara Rao & Co. Chartered Accountants FRN: 0004595 CA K.S. Mahidhar Partner: M. No. 220881 U Dl N : 2622O881GVWOTW3 1 80 Place: Mumbai Date: 03'd November 2026 I,
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R.G.N. PRICE & CO CHARTERED ACCOUN'TANTS Phone Email Offices at 2312960,23 I 6538 priceco@rgnprice.corn Chennai. Mumbai, Bengaluru, Quilon, Calicut G 234, Panampally Nagar, Cochin - 682 036. lndependentAuditor's Review Report on Consolidated Unaudited Financial Results of State Bank of India for the quarter and haif year ended Septenrber 30,2026 pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors State Bank of India, State Bank Bhavan, Madame Cama Road, Murnbai - 400021 We have revieu'ed the accompanying Statement of Consolidated Unaudited Financial Results of State Bank of lndia ("the Bank") and its subsidiaries (the Bank and its subsidiaries together referred to as "the Group"), its joint ventures and its share of the net profit/(loss) after tax of its associates for the quarter and half year ended September 30,2026 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation33 and 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations") except for the disclosures relating to consolidated Pillar 3 disclosure as at September 30,2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed bv us. I'his Statement, rvhich is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 "lnterim Financial Reporting" ("AS 25"), issued by the Institute of Charlered Accountants of India, the relevant provisions of the Banking Regulation Act, 1949, the circulars. guidelines and directions issued by the Reserve Bank of India HEAD OFFICF]: CHENNAI BRANCHES: MUIvIBAI I KOCHI I KOLLAIVI I KOZHIKODE 1
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from time to time ("RBI Guidelines") and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of lnterim Financial Information Performed by the Independent Auditor of the Entity", issued by the lnstitute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the following entities: Sr. No. Name of Subsidiary Sr. No. Name of Subsidiary I SBI Capital Markets Ltd. l5 State Bank Operations Supporl Services Pvt. Ltd. 2 SBICAP Securities Ltd. t6 SBI CDMDF Trustee Private Ltd 3 SBI General Insurance Company Ltd. t7 SBI Funds Management (lntemational) Pvt. Ltd 4 SBI Ventures Ltd. t8 Commercial Indo Bank LLC, Moscow 5 SBI DFHI Ltd. l9 SBI Canada Bank 6 SBI Factors Ltd 20 State Bank of India (California) 7 SBI Mutual Fund Trustee Company Pvt. Ltd. 21 State Bank of India (UK) Limited 8 SBI Payment Services Pvt Ltd. 22 State Bank of India Servicos Limitada. 9 SBI Pension Funds Pvt Ltd. 23 l0 SBI Life Insurance Company Ltd 24 PT Bank SBI lndonesia il SBICAP Trustee Company Ltd. 25 Nepal SBI Bank Ltd t2 SBI Cards and Payment Services Ltd 26 Nepal SBI Merchant Banking Ltd l3 SBI-SG Global Securities Services Pvt. Ltd. 27 SBI Funds lnternational (IFSC) Ltd. t4 SBI Funds Management Ltd. \ 2 SBI (Mauritius) Ltd.
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Sr. No. Name of Joint Venture Sr. No. Name of Joint Venture I C - Edge Technologies Ltd. 4 Macquarie SBI Infrastructure Trustee Ltd. 2 Macquarie SBI Management Pte. Ltd Infrastructure 5 Oman India Joint Investment Fund - Management Company Pvt. Ltd. J Oman India Joint lnvestment Fund - Trustee Company Pvt. Ltd. Sr. No. Name of Associate Sr. No. Name of Associate I Arunachal Pradesh Rural Bank 7 Rajasthan Gramin Bank 2 Chhattisgarh Gramin Bank 8 Telangana Grameena Bank J Meghalaya Rural Bank 9 Jharkhand Gramin Bank 4 N{izoram Rural Bank l0 Yes Bank Ltd 5 Nagaland Rural Bank ll Bank of Bhutan Ltd. 6 Uttarakhand Gramin Bank 12 Investec Capital Services (lndia) Private Ltd 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the branch auditors and other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement including notes thereon prepared in accordance with the recognition and measurement principle laid down in the aforesaid Accounting Standard, RBI Guidelines and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,20l5, as amended, including the manner in which it is to be disclosed, except for the disclosures relating to consolidated Pillar 3 disclosure as at September 30, 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the Reserve Bank of India in respect of income recognition, asset classification, provisioning and other related matters. 6. We did not review the interim financial results of 47 branches included in the standalone unaudited interim financial results of the entities included in the Group, whose results reflect total assets of Rs. 37,04,096.19 crore as at September 30,2026 and total revenues of Rs.65,369.43 crore and Rs. 1,26,739.73 crore for the quarter ended September 30,2026 and the period fromApril 1,2026 to September302026, respectively, as considered in the standalone unaudited interim financial results of the entities included in the Croup. The interim financial results of these branches have been reviewed by Other Statutory Central Auditors and other auditors whose repofts have been furnished to us and our conclusion in so far as it relates to the amounts and disclosures included in respect of these 3 \
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branches, is based solely on the report of such Other Statutory Central Auditors and other auditors and the procedures performed by us as stated in paragraph 3 above. Apart from above, in the conduct of our review, rve also did not review the interim financial results of I 802 branches included in the standalone unaudited interim financial results of the entities included in the Group, whose results reflect total assets of Rs. 16,46,035.53 crore as at September 30,2026 and total revenue of Rs. 30,933.71 crore and Rs. 60,276.61 crore for the quarter ended September 30, 2026 and for period from April 1 , 2026 to Septernber 30, 2026, respectively, as considered in the standalone unaudited interim financial results of the entities included in the Group. The interim financial results of these branches have been reviewed by the branch managers whose certified returns have been furnished to us or other auditors, and our conclusion in so far as it relates to the amounts and disclosures included in respect ofthese branches, is based solely on the certified returns ofsuch branch managers and other auditors. We did not review the interim financial results of 20 subsidiaries included inthe consolidated unaudited financial results, whose interim financial results reflect total assets of Rs. 7,90,757.79 crore as at September 30, 2026,and total revenues of Rs. 46,067.36 crore and Rs. 85,028.67 crore and total net profit after tax of Rs. 3,260.85 crore and Rs. 6,683.91 crore for the quarter ended September 30, 2026 and for period from April l, 2026 to September 30,2026, respectively as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit aftertax- of Rs. 455.15 crore and Rs. 990.04 crore for the quarter ended September 30, 2026 and for period from April l, 2026 to Septernber 30, 2026, respectively, as considered in the consolidated unaudited finan,:ial results, in respect of I I associates, whose interim financial results have not been reviewed by us. These interir,r financial results have been reviewed by the other auditors u,hose repofts have been fumished to us by the N'fanagement and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, associates, is based solely on the repofts ofother auditors and the prccedures perfornred by us as stated in paragraph 3 above. 7. The consolidated unaudited financial results include the interim financial result which have not been reviewed of 24,203 branches included in the standalone unaudited interim financial results of the entities included in the Group, rvhose results reflect total assets of Rs.20,37,183.85 crore as at September 30,2026, and total revenues of Rs. 47,625.24 crore and Rs. 92,907.69 c:ore for quarter endeC September 30, 2026 and for period April l, 2026 ro September 30.2026, respectively, as considered in tlre respective standalone unau<!ited interim financial results of the entities included in the Group. According to the infonnation and explanations given to us by the Management, these interim financial results are not material to the Group. The consolidated unaudited financial results include the interim financial results cf 7 subsidiaries and 5 joint ventures which have not been reviewed by their auditors, whose interim financial results reflect total assets of Rs. 23,280.09 crore as at September 30,2026 and total revenue of Rs. 394.43 crore and Rs. 794.24 crore and total net profitaftertaxof Rs.45.40croreandRs. l0T.38croreforthequarlerendedSeptember30,2026and forperiod from April 1,2026 to September 30,2026, respectively. as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also inciude the Group's share of net profit after tax of Rs. 20.97 crore and Rs..27.93 crcre for quarter ended Septenrber 30, 2026 and for period from April 1,2026 to September 30, 2026, respectively, as considered in the consolidated unaudited financial results, in respect of I 4 \
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associate, based on their interim financial results which have not beeir revierved by their auditcrs. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. 8. The auditors of SBI Life Insurance Company Limited and SBI General Insurance Company Limited, subsidiaries of the Croup, have reported that the actuarial valuation of liabilities for life policies in force, policies in respect of which premium has been discontinued but liability exist as at September 30, 2026 and in the case of general insurance, the actuarial valuation of liabilities in respect of Claims Incurred But Not Reported (IBNR), Clairns Irrcun'ed But Not Enough Reported (IBI.JER). and Premium Deficiency Reserve ('PDR') are the responsibility of the respective Subsidiary's Appointed Actuary (the "Appointed Actuary"). The actuarial . valuation of these liabilities for life policies in force, policies in respect of which premium has been discontinued but liability exists as at September 30, 2026, IBNR, IBNER and PDR have been duly certified by the respective Appointed Actuary's and in their opinion, the assumptiorls for such valuation are in accordance with the guidelines and norms issued by the IRDAI and the Institute ofActuaries of India (lAI) in concurrence with the IRDAI. The auditors of the aforesaid Subsidiaries have relied upon Appointed Actuary's certificate in this regard for forming their conclusion on the valuation of liabilities contained in the accompanying Unaudited lnterim Condenseci Financial Information / Financial Results. 9. The Staternent includes comparalive figures for the quarter and half year ended September 30, 2025 which were reviewed by another auditor who has expressed unmodified conclusion vide their repcrt dated November 04, 2025 . 10. The figures for the quarter ended 30tl' September 2026 are the balancing figures between the figures as per the reviewed financial statements for the half year ended 3Oth September 2026 and the published figures for the quarter ended 30'h June2026. Our conclusion on the Statement is not rnodifred in respect of the above matters. For R.G.N. Price & Co. Chartered Accountants Firm Registration No. 0027855 CA P Ivf Veeramani Partncr Membership No. 02J933 Place: Mumbai Date: 03'd November 2026 UDIN: 26023933HJAFP28907 5 - jr**t
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B qnfiq**+, qnfiq*t-fr STATE BANK OF INDIA STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED lAs per Reoulation 32 (11 of SEBI (LODR) Requlations. 20151 Name of listed entity State Bank of lndia Mode of Fund Raising (Public lssue/Rights lssue/ Preferential lssue/ QIP/ Others) Nil for Q2'.2026-27 Date of Raising Funds Not Applicable Amount Raised Not Applicable Report filed for Quarter 30.09.2026 Monitorinq Aqency Not Applicable Monitoring Agency Name, if applicable Not Applicable ls there a Deviation / Variation in use of funds raised? Not Applicable lf yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders Not Applicable lf Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation/ Variation Not Applicable Comments of the Audit Committee after review Not Applicable Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table Not Applicable Original Subject Modified Object if any Original Allocation Modified allocation Funds Utilised Amount of DeviationA/ari ation for the quarter according to applicable object (lNR Rs. crore and in %) Remarks if any Not Applicable Deviation or Variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised; or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed; or (c) Change in terms of a contract referred to in the fund raising documents i.e. prospectus, letter of offer etc. 0 5 Nov 2021 Chief Financial Officer )'ono ffisBt @ sbi.bank.in 6 FR zzt4o3s, GST 22740347 TAX 22740363 TOS 22740752 tFRS 22740195 B frt.dept(Dsbi.co.in B gst.frt(isbi.co.in El tax(asbi.co.in E tds.frtfasbi.co.in B cfs.frt(asbi.co.in El ifc.frt(isbi.co.in E! ifrs(dsbi.co.in ftfrqRqlFfq3flPr o-*-qrsR"frfu{r.I 6trtc+-< irqErdn, * *o,r+t qrq'rq6'rqrte firt{f{-c S aooozr ffficR+ffirG Financiat Reporting & o<-Fqfrorftqm Taxation Department Eilct+c e-q Corporate Centre st{fus, *fu.r+q ird Ftoor, State Bank Bhavan qrqTq6rrnqrrf Madame Cama Road Tfiq-{mfc Nariman point $t{ aooozr Mumbai 400021
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B q{trq*,fi+, rrrr6q*t+, STATE BANK OF INDIA STATEMENT OF DEVIATION / VARIATION IN THE USE OF THE PROCEEDS OF ISSUE OF LISTED NON-CONVERTIBLE DEBT SECURITIES FOR THE QUARTER ENDED 30.09.2026 lAs per Reoulation 52 (7)/(7A) of SEBI (LODR) Requlations. 2015I A. Statement of utilization of issue Rem arks Name of the lssuer ISIN Mode of fund raising (Public issue / private placement) Type of instrument Date of raising fund Amount raised (t in Crore) Fund utilized (t in Crore) Any deviation (Yes/No) lf 8 is Yes, then specify the purpose of funds utilization NilState Bank of lndia INEO62A 08504 Private Placement Basel lll compliant Additional Tier 1 Bonds 30 07 2026 4,691.00 4,691 00 No NA Name of listed entity State Bank of lndia Mode of Fund Raisinq Private Placement Type of lnstruments Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Basel lll compliant Additional Tier 1 Bonds in the nature of debentures Date of Raising Funds 30 07.2026 Amount Raised { 4,691 crore for Q2.2026-27 (Outstandinq bonds as on 30.09.2026 is placed as Annexure 1) Report filed for Quarter ended 30.09.2026 ls there a DeviationA/ariation in use of funds raised? No Whether any approval is required to vary the objects of the issue stated in the prospectus/offer/document? Not Applicable lf yes, details of the approval so required? Not Aoolicable Date of approval Not Aoolicable Explanation for the DeviationA/ariation Not Aoplicable Comments of audit committee after review Not Applicable Comments of the auditors, if any Not Applicable Obiects for which funds have been raised and where there has been a deviation, in the followinq table Original Subject Modified Object if any Original Allocation (t in Crore) Modified allocation (t in Crore) Funds Utilised (? tn Crore) Amount of Deviation / Variation for the quarter according to applicable object (? crore and in %) Nit Nit Re mar ks if any Augmenting Additional Tier 1 Capital and overall capital of the Bank for strengthening its capital adequacy and for enhancing its long- term resources in accordance with RBI Guidelines. Nit 4,691 Nit 4,691 B. Statement of deviation / variation in use of issue Deviation could mean: (a) Deviation in the objects or purpose for which the funds have been raised. (b) Deviation in the amount of funds utilized as against what was originally disclosed 0 J NoV 2026 t@ (Su nilfiIamgopal Ag rawal) Chief Financial Officer )ono ffisBt @ sbi.bank.in 6 FR zzT4oss, GST ?2740347 rAx 22740363 TDS 22740t52 tFRS 22740195 E frt.dept(dsbi.co.in I gst.frt(isbi.co.in E tax(isbi.co.in I tds.frt(dsbi.co.in I cfs.frt(dsbi.co.in El ifc.frt(isbl.co.in I ifrs(Dsbi.co.in ffiqRqffrqrFI a-s-ifiro,r$ftfutrFI 6Tm€+< 3{qEr6Tr, *e*a r+t qrqr{6IqIits Tftq-{{f{u gr{ looozr fla-fiqRCrffirqd or-flflfvorfemT trtc+q st{'fu-o, *eto r+q q-qTq 6'IqIqFf Tftq'-{{{z ffi aooozr Financial Reporting & Taxation Department Corporate Centre 3rd Floor, State Bank Bhavan Madame Cama Road Nariman Point Mumbai 4OOO21
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s qrftq€c if6 qrftq*+fi STATE BANK OF INDIA Annexure 1 List of Domestic Bond (Non-Convertible Debt Securities) raised by State Bank of lndia and Outstanding as on 30.09.2026 Sr. No. IS!N Mode of Fund Raising Type of instrument- Non- convertible securities Date of raising funds Amount Raised (? in Crore) Funds utilized (t in Crore) Any devia tion (Yes / No) lf8 is Yes, then specify the purpose of funds utilization o! (E Eotr 1 tNE062A08231 Private Placement Tier 2 21-08-2020 8,931 00 8,931.00 No NA Nir 2 rNE062408298 Private Placement AT1 18-10-2021 6,000.00 6,000.00 No NA Nit 3 rNE062A08306 Private Placement AT1 14-12-2021 3,974 00 3,974.00 No NA Nit 4 rNE062408314 Private Placement AT1 09-09-2022 6,872.00 6,872.00 No NA Nir 5 rNE062A08322 Private Placement Tier 2 23-09-2022 4,000.00 4,000.00 No NA Nit 6 rNE062408330 Private Placement LTB 06-12-2022 10,000.00 10,000.00 No NA Nit 7 tNE062A08348 Private Placement LTB 19-01-2023 9,718.00 9,718.00 No NA Nit I 1NE062A08355 Private Placement AT1 21-02-2023 4,544.00 4,544 00 No NA Nit 9 rNE062A08363 Private Placement AT1 09-03-2023 3,717.00 3,717.00 No NA Nit 10 tNE062A08371 Private Placement AT1 14-07-2023 3,101 .00 3,101 .00 No NA Nit 11 tNE062A08389 Private Placement LTB 01-08-2023 10,000 00 10,000.00 No NA Nit 12 tNE062A08397 Private Placement LTB 26-09-2023 10,000.00 10,000.00 No NA Nil 13 tNE062A08405 Private Placement Tier 2 02-11-2023 10,000.00 10,000.00 No NA Nit 14 rNE062A08413 Private Placement ATl 19-01-2024 5,000.00 5,000.00 No NA Nit '15 tNE062A08421 Private Placement LTB 27-06-2024 10,000.00 10,000.00 No NA Nir 16 tNE062408439 Private Placement LTB 11-07-2024 10,000 00 10,000.00 No NA Nit 17 tNE062408447 Private Placement Tier 2 29-08-2024 7,500.00 7,500.00 No NA Nit 18 tNE062408454 Private Placement Tier 2 20-09-2024 7,500.00 7,500.00 No NA Nit 19 tNE062A08462 Private Placement AT1 24-10-2024 5,000.00 5,000.00 No NA Nit 20 tNE062408470 Private Placement LTB 19-11-2024 10,000.00 10,000.00 No NA Nit 21 rNE062A08488 Private Placement Tier 2 20-10-2025 7,500 00 7,500.00 No NA Nit 22 tNE062A08496 Private Placement Tier 2 20-03-2026 6,051 00 6,051.00 No NA Nir 23 tNE062408504 Private Placement AT1 30-07-2026 4,691 00 4,691.00 No NA Nil TOTAL 1,54,099.00 1,64,099.00 )ono sB! @ sbi.bank.in E FR 227403s6 GST 22740347 TM 22740363 IDS 227401s2 tFRS 22740195 E frt.dept(isbi.co.in I gst.frt(dsbi.co.in E tax(Osbi.co.in I tds.frt(dsbi.co.in El cfs.frt(Osbi.co.in E ifc.frt(isbi.co.in I ifrs(dsbi.co.in fudfqRqr€trqtFr or-qrfiRutfutlrr ffiIte;-< 5{qcr6rT, *e*+ r+t qrqrq6'IqIltg TftE{m'$-c da-{ looozr ffiqRtrEr\,?i o<-fflf-rurfurnr dqlteat< rt{fua, €-eto r+q qrqrq6IqIqr4 TftT{Efg-c gd nooozr Financial Reporting & Taxation Department Corporate Centre 3rd Floor, State Bank Bhavan Madame Cama Road Nariman Point Mumbai 400021
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R.G.N.PRICE & CO CHARTERED ACCOUNTANTS Phone Email Offices at UDIN 2312960,2316538 priceco@rgnprice.com Chennai, Mumbai, Bengaluru, Quilon, Calicut 260239332HJGFR5182 G 234, Panampally Nagar, Cochin - 682 036. Date : 03. 1l .2026 Independent Auditors Certificate on Security Coverage and Compliance of All Covenants in respect of Listed Unsecured Non-Convertible Debt Securities of State Bank of India as on 30'h September 2026 To, BSE Ltd/ National Stock Exchange Limited / Debenture Trustee(s) 1. This Cerlificate is issued in accordance with the terms CCIFINAN C E/C FO/FRT/FR/SSS I 29 6 date d 25.09.2026 of engagement vide letter 2. This certificate is issued at the request of State Bank of India ("the bank") in respect of Security Coverage and Compliance of all Covenants in respect of Listed Unsecured Non-Conveftible Debt Securities as on 30'r'september 2026. Introduction 3. Securities and Exchange Board of lndia (SEBI) vide its circular no. SEBI/HO/l7llll12(2)2026-DDHS-PoD-\11D242012026 dated September 28, 2026 has prescribed for issue of Security Cover Certificate on the information given by bank management in Annexure I ('Statement') by the statutory auditor of the bank to its debenture trustee in respect of listed unsecured debt securities of the entity as per the requirements of Regulation 54(2)l(3) read with Regulation 56(l)(d) of Listing Obligations and Dlsclosure Requirements Regulation, 2015 and amendments thereto ('LODR Regulations') in the format "Annexure I", which we have initialed for identification purpose only. Managements' Responsibility for the Statement 4. The implementation and usage of fund received, creating security cover and being compliant of the covenants of the debt borrowings in line with agreed terms with the lender and preparation, accuracy and completeness of the details mentioned in the Annexure I is the responsibility of the Management of the Bank including the preparation and maintenance of all accounting records and other relevant
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supporting documents. This responsibility includes designing, implementing and maintaining internal control relevant to the preparation and presentation ofthe details given in the Annexure I and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 5. The Management is also responsible for ensuring that the Bank complies with the related requirements of the Securities Exchange Board of India (SEBI) and Reserve Bank of India (RBI) aa applicable in this regard. Auditor's Responsibility 6. Our responsibility is to issue a certificate, in respect of Security Cover and Compliance of all Covenants specifically stated in the Debenture Trust Deed of the listed unsecured debts issued by the Bank as on 30'h September 2026,thatthe details given in Annexure I are correct and accurate, taking into account information available from the books of accounts maintained and other information and explanation provided to us by the management of the Bank. 7 . The books of accounts and other evidences referred to in paragraph 4 above, have been perused by us for the purpose of issue of this certificate in accordance with guidelines prescribed by ICAI which requires us to plan and perform the review to obtain reasonable assurance about whether the particulars furnished are free of material misstatement. 8. We carried out our examination in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India. Procedures, Assum ptions and Limitations 9. We have, a) b) c) Obtained and read on test check basis, the information memorandum in respect of Unsecured Debt Securities. Traced and agreed the principal amount of the debt securities outstanding as on 30'h September 2026 to the financial results. Since the debt securities issued are unsecured, there is no security cover required as on 30th September 2026. 10. The compliances of all Covenants of the listed unsecured debt securities as presented to us by the management of the Bank is co-related with the underlying documents produced before us and no audit of the same was performed for the purpose of this certificate.
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Opinion I l. Based on our examination as above, and the information and explanations given to us, we certify that the details stated in the Annexure I are correct and accurate and we have examined the compliances made by the Bank in respect of all covenants of the listed unsecured non-convertible debt securities specifically stated in the Debenture Trust Deed and certify that all such covenants have been complied by the Bank as on 30'h Septenrber 2026. Restriction on Use 12. This certificate has been issued at the request of the Bank. It is intended solely for the consumption of the addressee and is not to be used for any other purpose or to be distributed to any other parties. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other party to whom this certificate is shown or into whose hands it may come without our prior consent in writing. ForRGNPrice&Co Chartered Accountants FR No : 0027855 P M Veeramani Partner M No : 023933
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Annexure I Column B Column C [il Column DU Column E[iiu Column FIivl Column GlvI Column HlviI Column H1 Column llviil Column J Column K Column L Column M Column NColumn A Column o Exclusive Charge Exclusive Charge Pari-Passu Charge Pari- Passu Charge Pari- Passu Charge Assets offered Security not as Oebt not backed by any assets offered as security (Clause 1.9 of SEBI DT master Circular dated August 13,2025. Elimination (amount in negative) (Total C to H) Particulars Related to only those items covered by this certificate Debt for which this certificate being issued Other Secured Debt Debt for which thas certificate being issued Assets shared by pari passu debt holder (include s debt for which this certifica te is issued & other debt with panpas su charge) Other assets on which there is pan- Passu charge (excludi ng items covered tn column F) debt amount considered more than once (due to exclusive plus pari passu charge) Market Value for Assets charged on Exclusive basis Oescription of asset for which this I certificate I relate I Carrying /book value lor exclusive charge assets where market value is not ascertainable or applicable (For Eg.Bank Balance, DSRA market value is not applicable) Market Value for Pari passu charge Assets vIt Carrying value/book value for pari passu charge assets where market value is not ascertainaleor applicable (For Eg. Bank Balance, DSRA market value is not applicable) Total Valuel=11 +L+M+ N) Relating to Column F Book Value Book Value Yes/ No Book Value Book Value ASSETS Property, Plant and Equipment NIL Capital Work- in-Progress Right of Use Assets Goodwill ^ lntangible Assets YoJ ^sQ
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lntangible Assets under Development lnvestmenls Loans lnventories Trade Receivables Cash and Cash Equivalents Bank Balances other than Cash and Cash Equivalents Others Total LIABILITIES NIL Debt securities to which this cert;ficate pertains Other debt sharing pari- passu charge with above debt Other debt Subordinated debt Borrowings Bank Debt Securities Others Trade payables Lease Liabilities Provisions Others Total Cover on Book Value Cover on Market Value C0
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Exclusive Secu rity Cover Ratio Pari-Passu Security Cover Ratio ofdebtforwhi.h this certificate is issued. lvil Thir@lumn rhall include allthose a$.Bwhi.h are.ot chaBed lviil This@lu