State Bank of India Q3 2026 Earnings Recap

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.

Key Takeaways

• 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.