SBIs conservative FY27 guidance leaves investors wanting more

For H1FY27, loans or advances grew 17.8% year-on-year driven by agriculture, SME and corporate portfolios. A corporate pipeline of around ₹7 trillion provides runway for H2 growth. In Q2FY27, domestic NIM stood at 3.11%, while return on assets (RoA) and return on equity (RoE) were at 1.14% and 18.68%, respectively, in H1FY27. Despite this, SBI retained its credit growth target of 14-15%, domestic NIM above 3%, RoA of 1% and RoE above 15%.