State Bank of India (SBI), the nation’s premier public sector bank, posted robust Q3 FY26 results, with net profit climbing 24.5% year-on-year to Rs 21,028.15 crore. The October-December quarter outperformed the previous year’s Rs 16,891.44 crore and the prior quarter’s Rs 20,159.67 crore.
Key driver: Net Interest Income grew 9% to Rs 45,190 crore from Rs 41,446 crore, supported by expanded advances and yield optimization.
Operating profit saw a remarkable 39.5% YoY increase to Rs 32,862.39 crore, up from Rs 23,550.81 crore, and ahead of the last quarter’s Rs 27,310.92 crore. This efficiency underscores cost discipline amid rising business volumes.
Asset quality shone brightly, with GNPA declining to 1.57% (from 2.07% YoY, 1.73% QoQ) and Net NPA at 0.39% (down from 0.53% YoY, 0.42% QoQ). Such trends indicate maturing risk management practices.
The Capital to Risk-Weighted Assets Ratio (CRAR) improved to 14.04% from 13.03% last year, bolstering financial stability. Provisions were Rs 4,506.92 crore, a dip from Q2’s Rs 5,400.12 crore but up from FY25’s Rs 911.06 crore.
SBI’s achievements amid global headwinds highlight operational maturity. Looking ahead, sustained NPA reductions and capital strength position the bank for aggressive lending and digital innovations, contributing to India’s growth narrative.