SBI Q3 Results: Profit Jumps 24% YoY to Rs 21,028 Crore, NII Rises 9%
India’s largest public sector lender, the State Bank of India (SBI), has reported impressive financial results for the third quarter, showcasing strong growth across several key metrics.
Key Financial Highlights
– Net Profit: SBI’s standalone net profit surged 24% year-on-year (YoY) to reach Rs 21,028 crore in Q3.
– Net Interest Income (NII): The bank saw NII rise by 9% YoY, amounting to Rs 45,190 crore.
– Operating Profit: The operating profit (before provisions and contingencies) leaped by 40% YoY to Rs 32,862 crore, marking the highest quarterly profit in the bank’s history.
Profitability Metrics
– Net Interest Margin (NIM): SBI’s overall NIM stood at 2.99% for Q3FY26, with domestic NIM at 3.12%.
– Asset Quality: The gross non-performing asset (NPA) ratio improved to 1.57%, a decrease of 50 basis points YoY, while the net NPA ratio rose to 0.39%, down 14 basis points.
Strong Loan Growth
– Total Business: SBI’s total business surpassed Rs 103 lakh crore, with deposits exceeding Rs 57 lakh crore and advances surpassing Rs 46 lakh crore.
– Advances Growth: Total advances grew by 15% YoY, with domestic advances also increasing by 15%.
– Retail Advances: Rose by 16%, with all segments showing double-digit growth.
– SME Advances: Expanded sharply by 21%.
– Agricultural Advances: Grew by 16%.
– Retail Personal Loans: Increased by 15%.
– Corporate Advances: Notably grew by 13%.
Deposit Growth
– Overall Deposits: Increased by 9% YoY, with CASA deposits also up by 9%.
– CASA Ratio: The CASA ratio was reported at 39.13% as of December 2025.
– Retail Term Deposits: Saw a robust growth of 14%, illustrating sustained momentum in liability mobilisation.
Capital Adequacy and Digital Adoption
– Capital Position: The bank’s capital adequacy ratio stands comfortably at 14.04%, with the CET-1 ratio at 10.99%.
– Digital Growth: Over 68% of savings accounts in Q3 were opened via the YONO app, while alternate channels accounted for nearly 98.6% of total transactions during the nine-month period.
Conclusion
The SBI Q3 results reflect a resilient financial performance, highlighting the bank’s strong growth trajectory in profit and loan advancements. The strategic focus on digital banking and improved asset quality further underscores SBI’s position as a leader in India’s banking sector. With significant increases in both net profit and net interest income, SBI continues to solidify its role as a pivotal player in the financial landscape.