SBI shares climb nearly 2% after govt extends MD’s tenure by two years

This comes after the government extended the tenure of SBI’s Managing Director Ashwini Kumar Tewari for another two years.

The stock was trading 1.58% higher at ₹976.30 per equity share, at around 3:04 pm.

The scrip has gained nearly 2% in the past week and about 0.2% over the week. On a year-to-date basis, it has advanced approximately 23%.

While the share touched a 52-week high of ₹999 on November 26, 2025, it reached a year’s low of ₹680 per unit on March 3, 2025.

The central government has re-appointed Ashwini Kumar Tewari as Managing Director in SBI with effect from the date of his assumption of charge of the post, beyond his currently notified term, which will end on January 27 2026, till the date of his superannuation that is December 31, 2027, the state-owned lender said in a regulatory filing on Wednesday.

This is the second time that Tewari got a two-year extension. The first time he got an extension was in 2024.

He was appointed as MD of SBI in January 2021 for an initial three-year term.

The SBI board is headed by the Chairman, assisted by four managing directors.

Q2 Results

The bank reported a 10% year-on-year (YoY) increase in its net profit to ₹20,160 crore in the second quarter of FY26, compared to ₹18,331 crore in the same period last financial year.

Its Net Interest Income (NII) advanced 3% annually to ₹42,984 crore during the quarter under review, as against ₹41,620 crore in the September quarter of FY25.

The bank’s Net Interest Margin (NIM) for the first half of the year stood at 2.93% for the whole bank and 3.05% for the domestic book.

SBI's asset quality showed an improvement as its gross non-performing assets (NPA), as a percentage of total advances, came in at 1.73% versus 2.13% in the year-ago period.

Its net NPA improved to 0.42% from 0.53%. In absolute terms, SBI's gross NPA stood at ₹76,243 crore as against ₹83,369 crore a year earlier.

SBI has a total market capitalisation of ₹9.01 lakh crore, as of December 17, 2025, according to data on the NSE.