“SBI reported Q1FY27 PAT of ₹21,102 crore, 8.4% above consensus, driven by healthy operating performance and 18% YoY net advances growth. Domestic NIM improved 7bps QoQ to 3.0%, with management reiterating FY27 NIM guidance of approximately 3.0%. The bank's efforts to increase MCLR loans and significant overseas funding mobilization further support its outlook.”