State Bank of India (SBI) delivered its highest-ever quarterly profit in the December quarter (Q3FY26), driven by strong loan growth, higher interest income and improved asset quality.
The country’s largest lender reported a standalone net profit of ₹21,028 crore, marking a 24.5% year-on-year increase. Operating profit rose sharply by nearly 40% to ₹32,862 crore, while net interest income grew 9% to ₹45,190 crore. Domestic net interest margin stood at 3.12%, with whole-bank NIM at 2.99%.
SBI’s total business crossed ₹103 lakh crore during the quarter. Advances grew 15.1% year-on-year to ₹46.83 lakh crore, led by robust growth in retail, SME and agricultural loans. Retail advances rose 16.5%, with home and personal loans posting healthy double-digit growth.
Asset quality continued to improve, with the gross NPA ratio falling to 1.57% and net NPA declining to 0.39%. The provision coverage ratio strengthened to 92.37%.
SBI’s capital adequacy ratio improved to 14.04%, while digital channels continued to dominate, with nearly 99% of transactions routed through alternate platforms.
SBI Q3 Profit Jumps 24% to Record High on Strong Loan Growth
