State Bank of India shares hit 52-week high: Here are latest developments investors should know

At 1:25 PM, shares of the country’s largest lender were trading at ₹1,223.60 apiece on the National Stock Exchange, rising 0.62%.

In the last five trading sessions, the stock has risen 1%, while in the last six months, the shares have surged nearly 50%. On a year-on-year basis, State Bank of India shares have soared 71%.

Here are some of the latest developments from the State Bank of India

A top official of the lender last week had said State Bank of India is in talks with Japanese lenders for a tie-up on the acquisition finance business, which the RBI recently opened for domestic lenders.

The country's largest lender has the ability to fund up to ₹94,000 crore to borrowers looking at acquisition finance, its chairman C S Setty had said. The Reserve Bank came out with the final guidelines on the acquisition finance front on February 13, allowing banks to lend up to 75% of a deal and capping the overall exposure on that aspect at 20% of its core capital.

Setty said SBI has been working with foreign lenders on the acquisition finance side, pointing out that it was open to doing the business overseas, and added that opening up the possibilities domestically has led to conversations on similar tie-ups.

“We have been talking to Japanese banks mainly because they are active in that. But there is no preference for anyone,” Setty said.

State Bank of India has set a goal of increasing green advances to 7.5-10% by 2030, with 25% of these advances to be funded through green lines of credit.

Green advances in the portfolio were 1.56% of the bank's total advances as of March 31, 2025.

The bank has committed to achieving carbon neutrality in its operations by 2030 and Net Zero by 2055—its centenary year.

On a standalone basis, a special dividend by the IPO-bound asset management arm helped SBI report a 24% jump in the net profit to ₹21,028 crore, its highest ever.

SBI Mutual Fund, which is preparing for an initial public offering (IPO), paid a ₹2,200 crore special dividend, which was cited by Chairman C S Setty as one of the reasons for the high profit growth.

The bank's core net interest income (NII) grew 9.04% to ₹45,190 crore from ₹41,446 crore seen in the year-ago period on the back of 15.14% loan growth and a 0.03% compression in the domestic net interest margin at 3.12%.

The bank’s profit after tax (PAT) during the quarter under review rose 84.32% year-on-year (YoY) to ₹16,891.44 crore from ₹9,163.96 in the year-ago period, according to a stock exchange filing. The sharp profit spike in Q3 was supported by higher core income during the period under review.

The net interest margin, which gives an idea about the profitability that the bank has from its lending activities, saw a 12-basis-point downtick during the quarter under review as compared to the third quarter of the last financial year. SBI clocked a NIM of 3.15% in Q3, marginally lower than 3.34% in the corresponding quarter of the previous financial year.

The gross Non-Performing Assets (NPA) of India’s largest lender saw an improvement during Q3. The bank’s gross NPA improved to 2.07% in the third quarter of the ongoing fiscal year from 2.42% in Q3 of FY24. The net NPA, or bad loans, of SBI also witnessed an improvement from 0.64% to 0.53% this quarter. On a sequential basis, it remained unchanged.

State Bank of India (SBI) is India’s largest public sector bank and one of the most trusted financial institutions in the country. Founded in 1806, its history spans over two centuries. SBI has been at the centre of India’s banking and financial ecosystem. The bank provides a wide range of banking and financial services to individuals, businesses, corporates, and governments across India and internationally.