{"id":179965,"date":"2026-02-09T00:46:05","date_gmt":"2026-02-09T05:46:05","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179965"},"modified":"2026-02-09T00:46:05","modified_gmt":"2026-02-09T05:46:05","slug":"sbi-reports-record-q3-profit-on-strong-credit-growth-and-improving-asset-quality","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/sbi-reports-record-q3-profit-on-strong-credit-growth-and-improving-asset-quality\/","title":{"rendered":"SBI Reports Record Q3 Profit on Strong Credit Growth and Improving Asset Quality"},"content":{"rendered":"\n<p>State Bank of India (NSE: SBIN), the nation&#8217;s largest commercial lender, reported its highest-ever quarterly net profit for the period ending December 2025, driven by robust loan expansion across retail and corporate segments and a significant decline in non-performing assets (NPAs) to two-decadal lows.<\/p>\n\n\n\n<p>State Bank of India is a Fortune 500 company and India&#8217;s largest public sector bank by assets, deposits, and branches. The bank provides a comprehensive range of financial services, including retail, corporate, and international banking, alongside specialized subsidiaries in life insurance, mutual funds, and credit cards.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Financial &amp; Operational Metrics &#8211; Q3 and 9M FY26<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SBI\u2019s net profit for the third quarter (Q3FY26) rose 24.49% year-on-year to \u20b921,028 crores.<\/li>\n\n\n\n<li>For the nine-month period (9MFY26), the bank recorded a net profit of \u20b960,348 crores, up 15.48% from the previous year.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key performance indicators for Q3 include:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Net Interest Income (NII): \u20b945,190 crores, a 9.04% increase.<\/li>\n\n\n\n<li>Operating Profit: \u20b932,862 crores, surging 39.54%.<\/li>\n\n\n\n<li>Net Interest Margin (NIM): Domestic NIM stood at 3.12%, while the whole-bank NIM was 2.99%.<\/li>\n\n\n\n<li>Return on Assets (ROA): 1.16% for 9MFY26, continuing an upward trend since 2019.<\/li>\n\n\n\n<li>Return on Equity (ROE): 20.68% for the same nine-month period.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/SBI-1024x683.png\" alt=\"\" class=\"wp-image-179967\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/SBI-1024x683.png 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/SBI-300x200.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/SBI-768x512.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/SBI.png 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Operational &amp; Business Highlights<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The bank&#8217;s total business crossed the \u20b9103 trillion milestone during the quarter.<\/li>\n\n\n\n<li>Gross advances grew 15.14% YoY to \u20b946.84 lakh crore, with domestic growth led by the SME sector (up 21.02%) and retail personal loans (up 14.95%).<\/li>\n\n\n\n<li>Deposits increased by 9.02% to \u20b957.01 lakh crore, supported by a healthy CASA ratio of 39.13%.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Asset Quality &amp; Milestones<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SBI achieved industry-leading asset quality with Gross NPA at 1.57% and Net NPA at 0.39%, both reaching two-decadal lows.<\/li>\n\n\n\n<li>The credit cost for the quarter was contained at 0.29%, while the Provision Coverage Ratio (PCR) stood at 75.54%.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Digital Leadership &amp; Geographic Presence<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The bank&#8217;s digital transformation continues to accelerate, with 98.6% of transactions now occurring through alternate channels.<\/li>\n\n\n\n<li>Flagship digital platform, YONO, has reached 9.65 crore registered users, accounting for 68% of new savings accounts opened in Q3FY26.<\/li>\n\n\n\n<li>Geographically, SBI maintains a dominant domestic footprint with over 22,500 branches and a significant international presence through offices in 29 countries, including major hubs like the USA, UK, and Singapore.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Target Customers &amp; Market Sentiment<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SBI serves a diverse customer base, ranging from individual retail borrowers (home and auto loans) to large PSUs and multinational corporations.<\/li>\n\n\n\n<li>Market sentiment remains positive as the bank maintains a domestic market share of over 22% while improving its capital adequacy ratio to 14.04%.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Guidance<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management noted that growth was driven by a balance of higher interest and non-interest income.<\/li>\n\n\n\n<li>Strategic focus remains on CASA mobilization and expanding the SME portfolio, which recently crossed the \u20b96 lakh crore mark.<\/li>\n\n\n\n<li>Looking forward, SBI has committed to a Net Zero vision by 2055, with plans for green advances to constitute 7.5% of domestic gross advances by 2030.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Summary<\/strong> <\/h2>\n\n\n\n<p>Results underline SBI&#8217;s resilience and scale advantage in India\u2019s banking sector. Stable earnings growth, improved asset quality and consistent credit expansion reinforce the bank\u2019s long-term growth trajectory, supported by digital transformation and a broad-based lending franchise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India (NSE: SBIN), the nation&#8217;s largest commercial lender, reported its highest-ever quarterly net profit for the period ending December 2025, driven by robust loan expansion across retail and corporate segments and a significant decline in non-performing assets (NPAs) to two-decadal lows. State Bank of India is a Fortune 500 company and India&#8217;s [&hellip;]<\/p>\n","protected":false},"author":2378,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,392,1],"tags":[151,10169,15955,15954],"class_list":["post-179965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-earnings","category-finance-stocks","tag-banking","tag-earnings","tag-npa","tag-sbi"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":169936,"url":"https:\/\/alphastreet.com\/india\/sbi-q1-fy26-earnings-results\/","url_meta":{"origin":179965,"position":0},"title":"SBI Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 8, 2025","format":false,"excerpt":"State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"SBI Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaStreet-IG-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaStreet-IG-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaStreet-IG-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaStreet-IG-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaStreet-IG-1.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaStreet-IG-1.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":166935,"url":"https:\/\/alphastreet.com\/india\/sbin-q3-2024-2025-call-highlights-deposit-mix-shift-digital-surge-and-global-expansion\/","url_meta":{"origin":179965,"position":1},"title":"SBIN Q3 2024-2025 Call Highlights: Deposit Mix Shift, Digital Surge and Global Expansion!","author":"Praveen","date":"February 18, 2025","format":false,"excerpt":"State Bank of India, one of the biggest state-owned financial institutions in India, in its Q3 earnings call confirmed meeting its credit growth guidance of 14-16% and deposit growth target of 10%, with a robust corporate loan pipeline of 483,000 crores, though operating profit declined due to MTM losses. The\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":142630,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-idfc-first-bank-limited-for-q3-fy23\/","url_meta":{"origin":179965,"position":2},"title":"Earnings Summary Of IDFC FIRST Bank Limited For Q3 FY23","author":"Hardik Bhandare","date":"February 23, 2023","format":false,"excerpt":"IDFC FIRST Bank Limited (NSE: IDFCFIRSTB) is a leading Indian private sector bank, providing a wide range of financial solutions to customers in the retail, small and medium enterprises (SME), corporate, and rural segments. The bank offers a range of banking and financial products, including savings and current accounts, fixed\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":155421,"url":"https:\/\/alphastreet.com\/india\/sbi-cards-15-rise-in-profits\/","url_meta":{"origin":179965,"position":3},"title":"SBI Cards &#038; Payment Services Ltd Q2FY24; 15% rise in Profits","author":"Chirag Gupta","date":"October 27, 2023","format":false,"excerpt":"SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India\u2019s largest commercial bank, the State Bank of\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-152.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-152.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-152.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-152.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-152.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-152.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":125361,"url":"https:\/\/alphastreet.com\/india\/infographic-key-quarterly-highlights-from-sbis-q2-2022-financial-results\/","url_meta":{"origin":179965,"position":4},"title":"Infographic: Key quarterly highlights from SBI&#8217;s Q2 2022 financial results","author":"Nishadkishore","date":"November 3, 2021","format":false,"excerpt":"The State Bank Of India (NSE: SBI) reported its second-quarter 2022 earnings results during the market hours today. The banking titan reported consolidated revenue of \u20b91 trillion with a growth of 6% year on year. SBI recorded a net profit of \u20b991 billion or \u20b99.96 per share. The net interest\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/State-Bank-of-IndiaQ222.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/State-Bank-of-IndiaQ222.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/State-Bank-of-IndiaQ222.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/State-Bank-of-IndiaQ222.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/State-Bank-of-IndiaQ222.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":128466,"url":"https:\/\/alphastreet.com\/india\/sbi-research-tear-sheets-q3-fy-2022\/","url_meta":{"origin":179965,"position":5},"title":"SBI Research Tear Sheets Q3 FY 2022","author":"sreerupa","date":"April 13, 2022","format":false,"excerpt":"State Bank of India\u00a0(SBI) is an Indian\u00a0multinational\u00a0public sector\u00a0bank. The company is headquartered in Mumbai, Maharashtra. It is the 43rd largest bank in the world. It was incorporated in 1955. It has its operation worldwide. Stocks are traded in BSE, NSE. Key Financial Highlights In Rs CroresQ3 22Q3 21Interest Income69,67866,734Interest Expenses38,99137,915Net\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2378"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=179965"}],"version-history":[{"count":2,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179965\/revisions"}],"predecessor-version":[{"id":179968,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179965\/revisions\/179968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=179965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=179965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=179965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}