SBI posts record Q3 profit

Metro India News | Hyderabad 

State Bank of India (SBI) reported its highest-ever standalone quarterly profit of Rs 21,028 crore for the October–December quarter of FY26, driven by healthy loan growth, improving asset quality and higher non-interest income.

On a consolidated basis, the country’s largest lender posted a 13.06 per cent increase in net profit at Rs 21,317 crore during the quarter, as per a regulatory filing on Saturday.

The bank’s standalone net interest income (NII) rose 9.04 per cent year-on-year to Rs 45,190 crore from Rs 41,446 crore, supported by a 15.14 per cent growth in advances. Domestic net interest margin (NIM) saw a marginal compression of 0.03 per cent to 3.12 per cent.

Non-interest income increased by 15.65 per cent to Rs 8,404 crore in the reporting quarter. Total expenses stood at Rs 1,08,052 crore compared with Rs 1,04,917 crore in the corresponding quarter of the previous financial year.

During the October–December period, SBI reported deposit growth of 9.02 per cent. Fresh slippages came in at Rs 4,458 crore, higher than Rs 3,823 crore recorded a year ago.

Asset quality showed further improvement, with the gross non-performing assets (GNPA) ratio declining to 1.57 per cent as of December 31, 2025, from 1.73 per cent in September. Provisions rose to Rs 4,507 crore against Rs 911 crore in the year-ago quarter.

The bank’s overall capital adequacy ratio stood at 14.04 per cent, while the core Tier-I capital was at 10.99 per cent.

SBI Chairman C S Setty said the strong profit performance was supported by a special dividend of Rs 2,200 crore from SBI Mutual Fund, higher fee income, recoveries from written-off accounts and stable net interest income.