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The State Bank of India (SBI) has reported ₹21,028 crore net profit in the December quarter. This is the highest net profit amongst all banks in India – whether public or private. The highlights of the performance are as follows:
Business
- Business crossed ₹103 Trillion.
- Deposits & Advances crossed ₹57 Trillion & ₹46 Trillion respectively.
- SME Portfolio crossed ₹6 Trillion.
Profitability
- Highest ever quarterly Net Profit at ₹21,028 crores, witnessing a growth of 24.49% YoY.
- Operating Profit for Q3FY26 up by 39.54% YoY to ₹32,862 crores.
- Bank’s ROA and ROE for the 9MFY26 stand at 1.16% and 20.68% respectively.
- Net Interest Income (NII) for Q3FY26 increased by 9.04% YoY.
- Whole Bank and Domestic NIM for the 9MFY26 stand at 2.95% and 3.08% respectively.
- Whole Bank NIM for Q3FY26 is at 2.99% and Domestic NIM is at 3.12%.
Also Read: Net Profit of Banks in Q3FY26, Check Top Bank, Download Financials PDF
Balance Sheet
- Whole Bank Advances growth at 15.14% YoY with Domestic Advances growth at 15.44% YoY.
- Foreign Offices’ Advances grew by 13.41% YoY.
- Retail Advances grew by 16.51% YoY, with double digit growth in all segments. SME Advances grew by 21.02% YoY followed by Agri Advances growth of 16.56% YoY and Retail Personal Advances growth of 14.95%.
- Corporate Advances registered YoY growth of 13.37%.
- Whole Bank Deposits grew by 9.02% YoY. CASA Deposit grew by 8.88% YoY. CASA ratio stands at 39.13% as on 31st December 25. Retail Term Deposits registered YoY growth of 14.54%.
Asset Quality
- Gross NPA ratio at 1.57% improved by 50 bps YoY.
- Net NPA ratio at 0.39% improved by 14 bps YoY.
- Provision Coverage Ratio (PCR) increased by 88 pbs YoY and stands at 75.54% while PCR (incl. AUCA) increased by 63 bps and stands at 92.37%.
- Slippage Ratio for 9MFY26 improved by 5 bps YoY and stands at 0.54%. Slippage Ratio for Q3FY26 stands at 0.40%.
- Credit Cost for Q3FY26 stands at 0.29%.
Also Read: Net Profit of Banks in Q3FY26, Check Top Bank, Download Financials PDF
Capital Adequacy
- Capital Adequacy Ratio (CAR) as at the end of Q3FY26 stands at 14.04%.
Alternate Channels
- More than 68% of SB accounts opened digitally through YONO in Q3FY26.
- Share of Alternate Channels in total transactions increased from ~98.1% in 9MFY25 to ~98.6% in 9MFY26.
Also Read: Net Profit of Banks in Q3FY26, Check Top Bank, Download Financials PDF
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Key Summary of SBI Q3FY26 Results
| ₹ in Crores | Q3FY25 | Q2FY26 | Q3FY26 | YoY % | QoQ % | 9MFY25 | 9MFY26 | YoY % |
| Profit & Loss | ||||||||
| Interest Income | 1,17,427 | 1,19,654 | 1,22,556 | 4.37 | 2.43 | 3,42,823 | 3,60,206 | 5.07 |
| Interest Expenses | 75,981 | 76,670 | 77,366 | 1.82 | 0.91 | 2,18,633 | 2,30,959 | 5.64 |
| Net Interest Income | 41,446 | 42,984 | 45,190 | 9.04 | 5.13 | 1,24,191 | 1,29,247 | 4.07 |
| NIM, % (Domestic) | 3.15 | 3.09 | 3.12 | -3 bps | 3 bps | 3.25 | 3.08 | -17 bps |
| Operating Profit | 23,551 | 31,904 | 32,862 | 39.54 | 3.00 | 79,293 | 95,311 | 20.20 |
| Loan loss provisions | 2,305 | 4,132 | 3,216 | 39.51 | -22.18 | 10,454 | 12,282 | 17.49 |
| Profit after tax | 16,891 | 20,160 | 21,028 | 24.49 | 4.31 | 52,258 | 60,348 | 15.48 |
| ₹ in Crores | Dec 24 | Sep 25 | Dec 25 | YoY % | QoQ % |
| Balance Sheet | |||||
| Gross advances | 40,67,752 | 44,19,674 | 46,83,508 | 15.14 | 5.97 |
| Domestic Corporate | 11,76,303 | 12,39,346 | 13,33,564 | 13.37 | 7.60 |
| Domestic Retail Personal | 14,47,337 | 15,93,360 | 16,63,759 | 14.95 | 4.42 |
| Of which: Home loans | 7,92,827 | 8,80,422 | 9,08,971 | 14.65 | 3.24 |
| Deposits | 52,29,384 | 55,91,700 | 57,01,309 | 9.02 | 1.96 |
| Domestic CASA | 19,65,237 | 21,24,266 | 21,39,726 | 8.88 | 0.73 |
| Domestic Term Deposits | 30,48,623 | 32,36,366 | 33,28,126 | 9.17 | 2.84 |
| CASA Ratio (%) | 39.20 | 39.63 | 39.13 | -7 bps | -50 bps |
| GNPA | 84,360 | 76,243 | 73,637 | -12.71 | -3.42 |
| NNPA | 21,378 | 18,460 | 18,012 | -15.74 | -2.43 |
| Ratios (%) | Q3FY25 | Q2FY26 | Q3FY26 | YoY,bps | QoQ,bps | 9MFY25 | 9MFY26 | YoY,bps |
| Asset Quality | ||||||||
| GNPA | 2.07 | 1.73 | 1.57 | -50 | -16 | 2.07 | 1.57 | -50 |
| NNPA | 0.53 | 0.42 | 0.39 | -14 | -3 | 0.53 | 0.39 | -14 |
| PCR (with AUCA) | 91.74 | 92.29 | 92.37 | 63 | 8 | 91.74 | 92.37 | 63 |
| PCR (without AUCA) | 74.66 | 75.79 | 75.54 | 88 | -25 | 74.66 | 75.54 | 88 |
| Slippage Ratio | 0.39 | 0.45 | 0.40 | 1 | -5 | 0.59 | 0.54 | -5 |
| Credit Cost | 0.24 | 0.39 | 0.29 | 5 | -10 | 0.37 | 0.39 | 2 |
| Capital Ratios | ||||||||
| CET-1 ratio | 9.52 | 11.47 | 10.99 | 147 | -48 | 9.52 | 10.99 | 147 |
| Tier-1 ratio | 10.85 | 12.67 | 12.07 | 122 | -60 | 10.85 | 12.07 | 122 |
| CAR | 13.03 | 14.62 | 14.04 | 101 | -58 | 13.03 | 14.04 | 101 |
Also Read: Net Profit of Banks in Q3FY26, Check Top Bank, Download Financials PDF
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