Transcript of Analyst Meet held on 07.08.2026

The Listing Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroje Jeejeebhoy Towers, Exchange Plaza, 5th Floor, ‘G’ Block, 25th Floor, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051 BSE SCRIP Code: 500112 NSE SCRIP Code: SBIN CC/S&B/AND/2026-27/368 13.08.2026 Madam / Sir, Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 Transcript of Analyst Meet Pursuant to Regulation 30 read with Para A Part A of Schedule III to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit the transcript of the Q1FY27 post results Analyst Meet held on 07.08.2026. Yours faithfully, (Aruna N Dak) DGM (Compliance & Company Secretary) Encl: A/a Q1FY27 ANALYST MEET TRANSCRIPT 07.08.2026 MANAGEMENT MR. C S SETTY CHAIRMAN, STATE BANK OF INDIA MR. ASHWINI KUMAR TEWARI MANAGING DIRECTOR (CORPORATE BANKING AND SUBSIDIARIES) MR. RANA ASHUTOSH KUMAR SINGH MANAGING DIRECTOR (INTERNATIONAL BANKING, GLOBAL MARKETS & TECHNOLOGY) MR. RAMA MOHAN RAO AMARA MANAGING DIRECTOR (RETAIL BUSINESS AND OPERATIONS) MR. RAVI RANJAN MANAGING DIRECTOR (RISK, COMPLIANCE AND STRESSED ASSETS RESOLUTION GROUP) MR. ANINDYA SUNDER PAUL DEPUTY MANAGING DIRECTOR (FINANCE) MR. A RAVI SHANKAR CHIEF GENERAL MANAGER (FINANCIAL CONTROL) MR. PAWAN KUMAR GENERAL MANAGER (PERFORMANCE, PLANNING & REVIEW) State Bank of India August 07, 2026 Mr. Pawan Kumar - General Manager (Performance, Planning and Review), State Bank of India Good evening, ladies and gentlemen. I am Pawan Kumar, General Manager, Performance Planning and Review Department of the Bank. On behalf of the State Bank of India, I am delighted to welcome the analysts, investors, colleagues and everyone present here today on the occasion of the declaration of the Quarter 1 FY27 results of the bank. I also extend a very warm welcome to all the people who are accessing the event through our live webcast. We have with us on the stage Shri C. S. Setty- Chairman, Shri Ashwini Kumar Tewari - Managing Director - Corporate Banking and Subsidiaries, Shri Rana Ashutosh Kumar Singh - Managing Director - International Banking, Global Markets and Technology, Shri Rama Mohan Rao Amara - Managing Director - Retail Business and Operations, Shri Ravi Ranjan - Managing Director - Risk Compliance and SARG, Shri A.S. Paul - Deputy Managing Director - Finance, Our Deputy Managing Directors heading various verticals and Managing Directors of our subsidiaries are seated in the front rows of this hall. We are also joined by Chief General Managers of different verticals, business groups, Chief General Managers and other senior officials of the circles and various offices are connected through our live webcast. To carry forward the proceedings, I request our Chairman Sir to give a summary of the Bank's Q1 FY27 performance and the strategic initiatives undertaken. We shall thereafter straight away go to the Q&A session. However, before I request Chairman Sir, I would like to read out the safe harbour statement. Certain statements in today's presentation may be forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual outcomes may differ materially from those included in these statements due to a variety of factors. Thank you. Now I would request Chairman Sir for his opening remarks. Chairman Sir, please. Mr. C.S. Setty – Chairman, State Bank of India Thank you, Pawan. Good evening, ladies and gentlemen. A very warm welcome to all of you and thank you for joining us for today's analyst meet following the announcement of our financial results for the first quarter of FY27. We greatly value this interaction as it provides us with an opportunity to go beyond the reported numbers and discuss the strategic direction of the Bank, the operating environment and our priorities for sustaining growth over the medium and long term. The first quarter has unfolded against a global backdrop marked by geopolitical uncertainty, evolving trade dynamics and continued volatility across commodity and financial markets. Despite these external challenges, the Indian economy has continued to demonstrate remarkable resilience, supported by strong domestic demand, healthy investment activity, robust services growth and a well-capitalized banking system. Credit demand has remained healthy across key sectors, and we continue to see broad-based opportunities for sustainable growth. State Bank of India August 07, 2026 As India's largest bank, our approach has always been to continuously evolve while balancing growth with resilience. As we continue to revisit and transform our internal operations, we have further simplified several customer-facing processes, including the launch of our digital re-KYC journey, which enables eligible customers to update their KYC seamlessly through a digital interface. We continue to strengthen the YONO ecosystem by introducing new digital customer journeys, including a seamless 3-in-1 onboarding process for savings, Demat and trading accounts. We also introduced YONO Ji, our agentic AI-powered virtual round-the-clock assistant on YONO Business and expanded WhatsApp banking for our current account customers. At the same time, we integrated our trade finance suite into YONO Business while adopting artificial intelligence in trade finance operations to improve turnaround time and customer experience. On the credit side, we launched MSME Dream, through which we extended our business rule engine to cover SME loans up to ₹10 crore from the earlier ₹5 crore, enabling faster credit decisions while maintaining underwriting discipline. In the agriculture segment, we expanded digital document execution across the nation for Kisan credit card and Agri Gold loans to further improve customer convenience. Technology is also strengthening our risk management framework through PRISM, our predictive stress monitoring platform. We are leveraging internal and external sources to identify early signs of stress in borrower accounts. This initiative also enhances our preparedness for the implementation of the proposed Expected Credit Loss framework. Collectively, these initiatives reflect our continued commitment to building a bank that is digitally enabled, operationally efficient and well positioned to deliver sustainable growth. Against this background, I am pleased to share that the Bank has delivered another strong quarter. Our net profit reached a record ₹21,121 crore, supported by healthy operating performance and disciplined cost management. Operating Profit grew by 9.77% year-on-year, while our domestic Net Interest Margin remained resilient at 3%, reinforcing our confidence in maintaining our guidance for the financial year. Our balance sheet continued to expand with the total business crossing ₹110 trillion, while deposits exceeded the ₹60 trillion mark and advances crossed the ₹50 trillion mark. Underpinned by our diversified business model, growth has remained broad-based across retail, agriculture, MSME and corporate segments, reflecting healthy demand. On the liability side, we have continued to maintain robust deposit growth in a highly competitive environment. Our CASA franchise remains one of the strongest in the industry, providing a stable and cost-effective funding base. Strengthening and leveraging our liability franchise remains one of our key strategic priorities as we continue to optimise the balance sheet. Equally encouraging has been the sustained improvement in asset quality. Gross and net NPA ratios have further improved and remained at their lowest level in over two decades. This is a reflection not only of a supportive operating environment but also of years of disciplined underwriting, stronger credit monitoring and improved collection mechanisms. Our robust State Bank of India August 07, 2026 Provision Coverage Ratio and strong capital position p [Showing first 8,000 characters — download PDF for full document]