State Bank of India's Q3 FY '26 results showcased robust growth, achieving a record net profit of INR 21,028 crores—up 24.49% year-on-year—driven by strong operational performance and improved asset quality.
- Total business crossed INR 103 trillion, underlining customer confidence and trust in the bank.
- Net interest income rose to INR 45,190 crores, reflecting a year-on-year increase of 9%, with a domestic NIM of 3.12%.
- Strong credit growth of 15.14% year-on-year, supported by robust performance across retail, agriculture, and corporate segments.
- Gross NPAs improved to 1.57%, while net NPAs fell to 0.39%, highlighting ongoing asset quality improvements and disciplined credit practices.
- Capital adequacy ratio strengthened to 14.04%, exceeding regulatory requirements and positioning the bank well for future growth.
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